Global Market Today: Asian stocks, US futures climb on tech optimism
US stocks closed at record highs on Wednesday, boosted by strong corporate earnings and expectations of sustained growth fueled by AI spending. Cisco Systems Inc.'s strong outlook lifted Nasdaq 100 futures contracts. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. missed revenue estimates, while the offshore yuan is experiencing its best winning streak since 2017. Investors are closely watching geopolitical developments in Iran and the summit between President Donald Trump and Xi Jinping for potential market impacts. The yield on benchmark 10-year Treasuries rose to the highest since July due to mounting price pressures from US inflation reports.
13 MAY 2026
· THIS STORY — Economic Times
US stocks reached record highs due to strong earnings, AI spending optimism, and positive market sentiment.
14 MAY 2026
— Economic Times
Asian stock markets and US futures, fueled by AI optimism and strong corporate earnings, experienced gains.
To respect publishing rights, SatyaDheesh does not host full copyrighted news copy. You can read the complete article on the publisher's platform: