Wall Street hit fresh intraday highs led by Nvidias AI-driven surge and Ciscos upbeat outlook. Strong retail sales and stable jobless claims signalled economic resilience, though inflation risks from rising oil prices persist. Investors tracked U.S.-China talks while expectations of prolonged tight Fed policy continued to shape market sentiment.

US stocks advanced with the S&P 500 and Nasdaq hitting record closing highs as AI-linked tech and chip stocks powered gains despite hotter inflation data. Producer prices surged,…

Wall Street hit fresh intraday highs led by Nvidias AI-driven surge and Ciscos upbeat outlook. Strong retail sales and stable jobless claims signalled economic resilience, though…