<div id="readability-page-1"><p>The S&amp;P 500 (SPX) rallied to yet another record high on Thursday following the first day of the Trump-Xi summit.</p><h3>Claim 55% Off TipRanks</h3>Trade QQQ with leverage <p>Let's break down the sectors behind the performance.</p> <h2><strong>Today's Top-Performing Sector </strong></h2> <p>Information technology was the top-performing sector on Thursday. Cisco (CSCO) topped the charts after its first-quarter earnings beat on both revenue and EPS, powered by strong demand for AI infrastructure. Broadcom (AVGO) was also a top performer after Wells Fargo analyst Aaron Rakers raised his price target to $545 from $430.</p> <p>Several information technology stocks led the sector's gains, including:</p> <ul> <li>Cisco (CSCO)</li> <li>AppLovin (APP)</li> <li>Broadcom (AVGO)</li> <li>Hewlett Packard Enterprise (HPE)</li> <li>Zebra Technologies (ZBRA)</li> </ul> <h2><strong>Today's Worst-Performing Sector </strong></h2> <p>Meanwhile, the materials sector faced the largest drawdown as investors rotated out of cyclical stocks and into higher-growth areas of the market. A decline in gold (XAUUSD) and silver (XAGUSD) prices also weighed on mining stocks, while a stronger dollar added pressure across the sector.</p> <p>Notable materials stocks trading lower include:</p> <ul> <li>Albemarle (ALB)</li> <li>Newmont Mining (NEM)</li> <li>Air Products and Chemicals (APD)</li> <li>CF Industries (CF)</li> <li>Freeport-McMoRan (FCX)</li> </ul></div>

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<p>The S&P 500 reached a record high on 5/14/25, driven by strong performance in the information technology sector, led by Cisco and Broadcom. Cisco's earnings exceeded expectations, while Broadcom's price target was raised by Wells Fargo. Conversely, the materials sector struggled due to a shift towards higher-growth stocks and declining gold and silver prices, impacting companies like Albemarle and Newmont Mining.</p>

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