Stocks Hit New Highs as Earnings Roll In, Though Job Cuts Loom for Some
- Market rebounds to new record highs despite stronger than expected inflation data
- SuperMicro Computer stock continues parabolic rise, up over 250% in 2023 so far
- Several companies report earnings - Applied Materials and Coinbase beat, while DraftKings and DoorDash miss
- Toast and Nike announce job cuts to improve profits
- Remains to be seen if stronger PPI data will dampen current market rally