Record Day for S&P, Nasdaq | Closing Bell

Summary

The S&P 500 and Nasdaq closed at record highs, driven by a surge in semiconductor stocks. Intel had its best day since 1987, and the Philadelphia Semiconductor Index extended its winning streak to 18 days. The Dow and equal-weight indices lagged, with breadth negative. The hosts also discussed declining stocks such as Charter Communications and HCA Healthcare, and odd stories like panda diplomacy and a children's landline phone.

• S&P 500 and Nasdaq closed at new record highs.
• Philadelphia Semiconductor Index rose for 18th straight day, up ~50%.
• Intel surged 23% on earnings, best day since 1987.
• Breadth was negative: only 177 S&P 500 names advanced.
• Charter Communications fell 25% after weak results.
• HCA Healthcare declined 8.8% on lower admissions.
• Avis Budget Group dropped 11%, wiping out recent gains.
• Yields fell, supporting the equity rally ahead of Fed decision.