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 the session. The Dow also got a lift from Nvidia also advanced more than 4% after Reuters reported that the U.S. has cleared about 10 Chinese firms to purchase Nvidia’s H200 chip, though no deliveries have been made yet.

Retail sales were better than expected. Cerebras IPO was a huge success.

SPI up 50 – Banks in focus – Resources under a little pressure.

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