US Stock Market Live: Why Wall Street Is Hitting Records Even With Inflation Running Hot
The S&P 500 and Nasdaq hit new intraday highs Thursday, led by gains in Nvidia and Cisco. April retail sales rose 0.5%, while jobless claims increased to 211,000. Cisco shares surged after raising its annual revenue forecast and reporting $5.3 billion in AI infrastructure orders. Rate-cut odds for June remained low, with market pricing near a 97% chance the Fed holds.