Pre-Market Report – Friday 15 May: US markets hit new records on AI boom | Gold eases, banks to rebound

Stocks were higher on Thursday, with the Dow Jones Industrial Average retaking 50,000 after strong earnings from Cisco Systems and following a key meeting between U.S. and China. The 30-stock index popped 370.26 points, or 0.75%, to end at 50,063.46. The S&P 500 climbed 0.77% and closed at 7,501.24, while the Nasdaq Composite gained 0.88% to 26,635.22. Those two indexes scored fresh all-time intraday highs and record closes. Cisco’s gain gave the Dow a boost, sending it to 50,000 during t...