Dow S&P Nasdaq Hit Record Highs After Strong Earnings Inflation Data

U.S. stock markets reached record intraday highs driven by strong corporate earnings and a cooler-than-expected inflation report. Ford Motor Company led gains with quarterly earnings and revenue surpassing estimates, bolstered by strong demand for its commercial vehicles. Other notable stock movements included Advanced Micro Devices and IBM, which saw gains related to quantum computing developments, and Coinbase Global, which rose following a JPMorgan upgrade. Despite this positive momentum, some companies like Deckers Outdoor and Illinois Tool Works experienced declines due to weaker outlooks and supply chain concerns. Additionally, the market showed mixed reactions to earnings reports from various sectors, with some companies like Winnebago and Comfort Systems posting strong results, while others like Netflix faced setbacks. Experts also discussed the impact of AI on the market, considering it a "rational bubble" with potential for significant productivity gains but cautioning that only a few companies will emerge as winners.