US Stock Market Today: Dow Retakes 50,000 as AI Rally Sends S&P 500, Nasdaq to Records
U.S. stocks climbed in after-hours trade Thursday. The Dow Jones Industrial Average reclaimed the 50,000 mark, while both the S&P 500 and Nasdaq notched new records. A pop in Cisco fueled renewed appetite for artificial intelligence names. Reuters pointed to tech shares as the main driver, with Cisco, Nvidia, and Cerebras drawing focus for their ties to AI spending. Why it matters now: Stocks climbed despite oil-fueled inflation dimming rate-cut prospects. Investors are pinning expectations on earnings and AI capex, while the Federal Reserve has shown little sign of shifting toward looser policy for equities.