South Korea Financial Markets

Currency traders work at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, May 14, 2026.

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Cisco leads Wall Street to more records and the Dow back to 50,000

Cisco leads Wall Street to more records and the Dow back to 50,000

The U.S. stock market rose to more records after Cisco Systems joined the parade of companies reporting fatter profits for the start of 2026 than analysts expected. The S&P 500 climbed 0.8% Thursday to set an all-time high for a second straight day. The Dow Jones Industrial Average rose 0.7% and finished a day above the 50,000 level for the first time since the war with Iran began. The Nasdaq composite added 0.9% to its own record. Cisco led the way after talking up demand it's seeing from AI and other customers, while oil prices held relatively steady.