"Equities Surge to Record Highs as Tech Giants Lead Market Rally"

The stock market surged to new highs as the S&P 500 and Nasdaq hit fresh records, driven by a tech rally and positive inflation data. Nvidia's market cap surpassed $2 trillion for the first time, while Dell's shares rose 31% after a strong earnings report fueled by AI prospects. Apple announced the end of its car project, shifting focus to artificial intelligence. Legacy media faces challenges with declining ad revenue and unprofitable streaming services. Meanwhile, mortgage rates flirt with 7%, and Elon Musk sues OpenAI over its alleged shift towards profit-driven goals.