European and US stock markets climbed Thursday (May 14) with Wall Street indices notching fresh records as a tech-fuelled rally rolled on. Cisco Systems surged 13.4 per cent after lifting its earnings report, while semiconductor startup Cerebras piled on 68.2 per cent in its debut session on the Nasdaq. Analyst Patrick O'Hare said 'the sentiment remains predominantly bullish'.
Stock markets rose to record highs amid a tech-led rally , with analyst Patrick O’Hare saying “the sentiment remains predominantly bullish. ” Trader Michael Capolino works on the floor of the New York Stock Exchange, Wednesday, May 13, 2026.
Add CNA as a trusted source to help Google better understand and surface our content in search results. NEW YORK: European and US stock markets climbed Thursday with Wall Street indices notching fresh records as a tech-fuelled rally rolled on while In the latest sign of bullishness towards artificial intelligence, Cisco Systems surged 13.4 per cent after lifting its earnings report while semiconductor startup Cerebras piled on 68.2 per cent in its debut session on the Nasdaq.
"The sentiment remains predominantly bullish," said Briefing.com analyst Patrick O'Hare. "You have a market that continues to press ahead despite a lot of calls about it being overextended on a short-term basis and due for a pullback. " All three major US indices finished solidly higher, with the S&P 500 and Nasdaq ending at new all-time highs.
In Beijing, Xi greeted Trump with a red-carpet welcome at the opulent Great Hall of the People, with military band fanfare, a 21-gun salute and schoolchildren chanting"Welcome!
" Seemingly enjoying the ceremony, the 79-year-old Trump said"the relationship between China and the USA is going to be better than ever before". "If mishandled, the two nations could collide or even come into conflict, pushing the entire China-US relationship into a highly perilous situation," Xi said, according to state media. Markets have also been hoping the summit boosts the odds of a US-Iran peace deal that would reopen the Strait of Hormuz.
Trump told Fox News that Xi had offered China's help to open the Hormuz Strait - the key oil route largely blocked since the US-Iran war erupted - and that Xi had also pledged not to send military equipment to aid Iran.
"From our vantage point, it looks like it's been mostly more of a glad-handing type of engagement, a lot of flattery, not a lot of substance really to change things," O'Hare said. European equities finished the day higher, with London advancing 0.5 per cent after data showed the UK economy had a solid start to the year, though the Middle East war and political turmoil threatened to cloud the outlook.
The British pound fell against both the dollar and the euro as pressure builds on British Prime Minister Keir Starmer. Britain's health minister Wes Streeting resigned while Greater Manchester mayor Andy Burnham unveiled a bid to return to parliament, as political maneuvering increased to oust Starmer. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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