Nasdaq 100 Futures Climb 0.7% as Cisco’s 18% Jump Extends AI Rally

13 articles · Updated · SWI swissinfo.ch in English · May 14

Nasdaq 100 futures rose 0.7% and S&P 500 futures gained 0.2% after both indexes closed at record highs, with traders betting the AI-led US equity rally still has room to run.
Cisco’s strong outlook reinforced that view, sending its shares up 18% in extended trading, while first-quarter S&P 500 profit growth has reached 27%—well above the roughly 12% analysts expected.
Hot US inflation data still clouded the backdrop: April producer prices rose 6% from a year earlier, pushing 10-year Treasury yields near 4.46% and keeping bets alive that the Fed may raise rates next year.
Asian stocks added 0.2% and Chinese shares were set for a 1% gain as investors watched Donald Trump’s Beijing visit and his planned meeting with Xi Jinping, with Iran-war risks and Hormuz tensions still seen as inflation threats.

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