Alain’s Holdings
| Symbol | Name | Price | Change | Change % |
|---|---|---|---|---|
| VOO | Vanguard S&P 500 ETF | 687.72 | +4.18 | +0.61% |
| QQQ | Invesco QQQ Trust | 719.79 | +1.50 | +0.21% |
| XIU.TO | iShares S&P/TSX 60 ETF | 50.31 | +0.46 | +0.92% |
| VRT | Vertiv Holdings Co. | 376.23 | +6.24 | +1.69% |
Stock market recap · Thursday, May 14, 2026
All-time highs again
Cisco earnings, a blockbuster IPO, and the Trump-Xi summit send all three major indices to record closes.
Major indices
S&P 500
7,501
▲ +0.80%
All-time highDow Jones
50,063
▲ +0.75%
Back above 50KNasdaq
26,635
▲ +0.90%
All-time highRussell 2000
2,866
▲ +0.80%
Commodities & crypto
Today’s biggest movers
CSCO
Cisco Systems
+13.4%
Record Q3 revenue of $15.84B topped estimates. Cisco raised its full-year AI orders target from $5B to $9B. CEO Chuck Robbins declared tech has entered a “networking supercycle.” Best single session in nearly 15 years.
CBRS
Cerebras Systems
Priced at $185/share, raising $5.55B — 2026’s largest U.S. IPO and 20× oversubscribed. Shares opened at $350 and closed at $311, nearly doubling. Market cap surpassed $100B on day one.
NVDA
Nvidia
+4.38%
U.S. cleared H200 chip exports to ~10 Chinese firms including Alibaba, Tencent, and ByteDance. CEO Jensen Huang joined Trump’s delegation at the Beijing summit with Xi Jinping.
TSLA
Tesla
−0.44%
Closed at $443.30, down $1.97 on the day. Elon Musk joined Trump’s China trip and President Xi told attending U.S. tech CEOs that China will “open wider” on trade — but shares edged lower regardless.
Key themes
AI is broadening
Cisco and Cerebras show AI demand has moved beyond a handful of mega-caps into networking, inference chips, and cloud infrastructure at scale.
Trump-Xi summit
Two-day Beijing meeting covers trade, tariffs, AI policy, Taiwan, and the Iran conflict. Markets responded warmly to the return of direct dialogue.
Iran war & oil
Strait of Hormuz still closed; Brent crude holds near $106/bbl. Trump and Xi publicly agreed the strait should remain a free global waterway.
Today’s takeaway
“What started with a handful of companies is now driving earnings growth across semiconductors, infrastructure, and even parts of the industrial economy.”
— Gargi Pal Chaudhuri, Chief Investment & Portfolio Strategist, BlackRock
Other Stock Market blog posts
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