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- Dow Higher as Leaders Discuss China investment in U.S.
Dow Higher as Leaders Discuss China investment in U.S.
Rick Ducat, CMT
May 14, 2026
Equity indices are higher this morning, with the large-cap Dow futures (/YM) showing the greatest strength as President Donald Trump and Chinese President Xi Jinping commence their summit.
Treasury Secretary Scott Bessent says the two countries are discussing a “board of investment” that could allow Chinese companies to invest in non-sensitive U.S. industries. The U.S. Commerce Department approved Chinese purchases of Nvidia’s (NVDA) advanced H200 chips.
Meanwhile, the artificial intelligence computer chip maker Cerebras Systems priced its IPO at a higher-than-expected $185/share. Today’s economic data includes Retail Sales and Import/Export data, while Applied Materials (AMAT) is the standout earnings name.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are down slightly at -0.02% to near $101.00 per barrel
Gold (/GC) – Gold is down -0.09% at about $4,702 an ounce
Bitcoin (/BTC) – The cryptocurrency is down -0.11% near 79,655
VIX – The CBOE Volatility Index is little changed near 17.85
U.S. Dollar (/DX) – The dollar is up +0.04% near 98.46
Biggest Premarket Movers (as of 8:30 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
CSCO | CISCO SYS INC | 15.24% |
HPE | HEWLETT PACKARD ENTERPRISE | 4.65% |
TTWO | TAKE-TWO INTERACTIVE | 4.41% |
BIIB | BIOGEN INC | 4.15% |
RCL | ROYAL CARIBBEAN GROUP | 2.57% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
INTC | INTEL CORP | -3.25% |
QCOM | QUALCOMM INC | -2.43% |
SNDK | SANDISK CORP | -1.89% |
AMD | ADVANCED MICRO DEVICES | -1.30% |
GLW | CORNING INC | -0.92% |
Economic Data
Time (ET) | Event |
|---|---|
8:30 AM | Retail Sales MoM APR |
8:30 AM | Export Prices MoM APR |
8:30 AM | Import Prices MoM APR |
8:30 AM | Initial Jobless Claims MAY/09 |
8:30 AM | Retail Sales Control Group MoM APR |
8:30 AM | Retail Sales Ex Autos MoM APR |
10:00 AM | Business Inventories MoM MAR |
10:15 AM | Fed Schmid Speech |
1:00 PM | Fed Bowman Speech |
1:00 PM | Fed Hammack Speech |
5:45 PM | Fed Williams Speech |
7:00 PM | Fed Barr Speech |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
NR, YETI | AMAT, RUM, VUZI | None | None |
Upgrades/Downgrades
TD Cowen upgrades Starbucks to Buy from Hold
Daiwa upgrades Illumina to Outperform from Neutral
UBS upgrades Commercial Metals to Buy from Neutral
Scotiabank downgrades MAA to Underperform from Sector Perform
Scotiabank downgrades Camden Property to Underperform from Sector Perform
Wells Fargo downgrades Wix.com to Equal Weight from Overweight
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