News

The S&P 500 ticked 0.1% higher on Wednesday, May 14, 2025, bolstered by a tech sector rally even as macroeconomic concerns pressured other sectors.

Markets surged on this week’s de-escalation in the U.S.-China trade war. But the so-called “breakthrough” is riddled with caveats — and investors may be celebrating too soon.

With progress in U.S.-China trade talks, safe-haven assets seem to have taken a back seat. However, the full effect of the tariffs may be delayed, keeping market volatility intact. In such a scenario, gold stands out as an appealing option.

The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite rose 0.7%. American Eagle Outfitters sank 6.4% after becoming the latest company to pull its financial forecasts. Treasury yields rose in the bond market.

The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite rose 0.7%. American Eagle Outfitters sank 6.4% after becoming the latest company to pull its financial forecasts. Treasury yields rose in the bond market.

(Reuters) -Cisco Systems said on Wednesday that its finance chief Scott Herren will retire from the company in July, and raised its annual results forecast, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom. Herren will be replaced by Mark Patterson, currently Cisco's chief strategy officer, who will start as the CFO on July 27. With products such as ethernet switches and routers, Cisco has benefited from a boom in data center investment, as technology giants have ramped up capital expenditure to meet the computing power needed to run generative AI applications.

Lockheed Martin shares fell midday as its CFO was presenting at an industry conference. Lockheed Martin could be a good choice for patient investors who are interested in income. Shares of Lockheed Martin (NYSE: LMT) hovered around breakeven for most of the trading day on Wednesday before suddenly falling more than 3% around 1:30 p.m. ET.