New Delhi, May 14 -- US stock indices rose on Thursday on positive sentiment about the US-China summit, and as Nvidia and Cisco shares climbed on strong artificial intelligence outlook.

At 09:54 a.m. ET, the Dow Jones Industrial Average rose 270.32 points, or 0.54%, to 49,963.52, the S&P 500 gained 28.32 points, or 0.38%, to 7,472.57 and the Nasdaq Composite gained 92.85 points, or 0.35%, to 26,495.19.

At the opening bell, the Dow Jones Industrial Average rose 150.4 points, or 0.30%, to 49,843.58. The S&P 500 rose 10.1 points, or 0.14%, to 7,454.4​, while the Nasdaq Composite rose 23.1 points, or 0.09%, to 26,425.468.

Traders are hoping that Trump's China trip delivers breakthroughs in Washington's attempts to secure a truce deal...