S&P 500 rose 0.8% to 7,506.64, Nasdaq climbed 1% to 26,665.20, and Dow reached 50,080.27, a new high.
Cisco shares jumped over 13% after announcing a $1 billion AI‑driven restructuring, cutting ~4,000 jobs and booking $450 million charges in Q4 FY2026.
Nvidia rose ~5% after U.S. cleared Chinese firms to buy its H200 AI chip; Boeing fell 4% despite Trump’s 200‑jet order claim.
Brent crude edged up 0.3% to $105.96 amid Iran‑related supply concerns, and Kevin Warsh was confirmed as Federal Reserve chair.