Ford Motor, AMD, Deckers Outdoor, Newmont, and more

The Dow Jones, S&P 500 and Nasdaq indexes rose to record highs in intraday trading on Friday after a wave of strong corporate earnings and the release of a cooler-than-expected inflation report.

Ford Motor (F) was the best-performing stock in the S&P 500, with shares rising after the automaker beat earnings and sales estimates on strong demand for its “Pro” commercial and fleet vehicles.

Advanced Micro Devices (AMD) shares also jumped after a report that IBM (IBM) decided it could run some quantum computing algorithms on an easily accessible AMD chip. IBM shares also rose.

Shares of Coinbase Global (COIN) rose after an upgrade from JPMorgan, pointing to potential sources of new growth for the cryptocurrency exchange and strengths compared to its peers.

Shares of Deckers Outdoor (DECK) fell to top decliners on the benchmark index after the company behind shoe brands Ugg and Hoka gave a weaker-than-expected outlook, saying it sees consumers holding back due to tariffs and higher prices.

Shares of Newmont (NEM) fell amid concerns about production from the world’s largest gold miner, even though third-quarter results beat analysts’ estimates.

Shares of Illinois Tool Works (ITW) fell after the industrial products maker missed sales estimates and narrowed its guidance as it anticipates supply chain issues related to tariffs.

Oil futures rose and gold prices fell. The yield on the 10-year Treasury note was little changed. The US dollar rose against the pound and the yen, but lost ground against the euro. Trading in major cryptocurrencies was mixed.