Amazon, Microsoft Push Nasdaq to Record Intraday Highs

The Nasdaq hit new intraday records as Amazon (AMZN) rocketed higher. The company reported a 15% surge in sales and, for the first time, broke out numbers for its cloud computing business. Investors were excited about the division's performance after revenue jumped 49%. Microsoft (MSFT) also benefited from its cloud computing division as overall profit and sales beat estimates. Microsoft said sales climbed nearly 7% over the quarter. Google (GOOGL) was higher despite missing earnings and sales estimates. The search giant said sales were hurt by a strong dollar with growth of 12% in actual dollars and 17% in constant currency.