politics
Wall Street Opens Higher as Technology Stocks Advance
Major U.S. stock indexes opened higher on Thursday with technology shares leading gains. The Dow Jones Industrial Average rose above the 50,000 level during trading. The advance occurred as investors monitored developments around a planned summit between U.S. and Chinese officials.
May 14, 9:51 AM·1m read2 sources
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U.S. stocks opened higher on Thursday with technology shares providing the main support for the advance. Technology stocks posted some of the strongest gains among sectors. The move lifted broader market indexes as investors assessed corporate earnings reports and broader economic signals.
Market participants continued to watch for any developments tied to a planned summit between U.S. and Chinese officials. The gathering has drawn attention from investors focused on potential shifts in trade relations and technology policy. Trading volume appeared steady in the opening hour with no immediate signs of unusual volatility.
The early gains extended a recent stretch of positive performance for major indexes.
Technology and communications services shares accounted for a large share of the advance. The performance came as several large technology companies reported quarterly results that met or exceeded forecasts. Investors appeared to respond positively to those updates even as they weighed longer-term questions about regulation and competition in the sector.
