Tech Stocks Power US Market to New Highs as Dow Breaks Through 50,000

The U.S. stock market continued its upward trajectory on Thursday, with the Dow Jones Industrial Average reaching a new high and the S&P 500 and Nasdaq Composite indexes also posting gains.

Technology stocks were among the leaders, with Nvidia hovering near the $6 trillion market-cap level after the U.S. cleared around 10 Chinese firms to buy its second-most powerful AI chip, the H200.

Cisco's shares surged after the company reported strong third-quarter results and a fiscal year 2026 forecast that blew past Wall Street expectations, while Nvidia rival Cerebras made a stellar market debut on the Nasdaq, ending its first trading session 68% higher.