The S&P 500 hit a record high on Thursday, rising 0.3 percent.
The rally was widely attributed to strong earnings from companies as inflation concerns get pushed aside.
“There are no signs of widespread erosions of margins at the moment,” Jim Reid, head of thematic research at Deutsche Bank, said in a note.
Indeed, Jim Paulsen of the Leuthold Group noted that “elevated inflation appears to bolster S&P 500 EPS on the whole”.
Adding to the optimism on Thursday was a report showing that jobless claims in the US fell to a new pandemic low of 290,000 last week.
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