U.S. stocks rose to an all-time high in a seventh day of gains as investors digested a spate of corporate results amid rising expectations for inflation.The S&P 500 rose 0.3%, reversing losses in the final hour of trading, as consumer discretionary shares led the benchmark index higher after better-than-expected earnings at Tesla Inc., Pool Corp. and Tractor Supply Co. Meanwhile, International Business Machines Corp. and Lam Research Corp. fell after both missed revenue estimates.The gains ended the longest drought without a record close since November 2020 as a solid start to the earnings season lifted shares more than 5% after a month of losses before that. Investors are braced for further volatility in the face of rising press pressures, however. Investors have done little to reward the majority of S&P 500 companies that have beat expectations so far while severely punishing those that have missed, according to data complied by Bloomberg. The Cboe Volatility Index is currently at its lowest level since February 2020.
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