The three major New York stock indexes opened higher on the 14th. Investors are focusing on the U.S.-China summit.
The Dow Jones Industrial Average is up 0.58% at 49,983.86. The Standard & Poor's (S&P) 500 is up 0.44% at 7,476.75, and the tech-heavy Nasdaq is up 0.39% at 26,504.31 in transaction.
Nvidia is up more than 4%. The U.S. Department of Commerce allowed 10 Chinese corporations, including Alibaba, to purchase Nvidia's artificial intelligence (AI) chip "H200." Cisco jumped 15% after news that it will cut roughly 4,000 employees.
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