Major indices are heading higher across the board as investors react to this morning's resilient retail sales data, AI trade developments, and the ongoing Trump-Xi talks.

Eight sectors are in the lead, with Technology (XLK) out in front. The sector is benefiting both from Cisco (CSCO) earnings and (NVDA) receiving approval to sell H200 chips to 10 Chinese companies. Meanwhile, Materials (XLB) are lagging as metal commodity prices take a breather.

Trump indicated that China agreed to purchase 200 planes from Boeing (BA) as part of their talks.

Anthropic’s Mythos model was able to help find crucial bugs in the notoriously tough MacOS. Mozilla also recently announced that Mythos was able to find several hundred bugs in Firefox, with many being classified as high severity. These add to the string of bugs that it has been able to help address across several key programs.

April Retail Sales came in line with expectation, showing consumer resilience. While gas stations saw the largest rise, as expected, there were also notable increases in electronics, sporting goods, E-commerce and Food & Beverages. Declines were mostly seen in clothing, furniture, and motor vehicles.