Record Day for S&P, Nasdaq | Closing Bell

• The S&P 500 and Nasdaq achieved record closing highs, with the Philadelphia Semiconductor Index (SOX) extending its winning streak to an unprecedented 18 sessions.
• Key semiconductor stocks like Intel (INTC), ARM Holdings (ARM), Advanced Micro Devices (AMD), and Qualcomm (QCOM) posted substantial gains following positive earnings and analyst upgrades.
• Despite the broad market strength, companies such as Charter Communications (CHTR), HCA Holdings (HCA), and Avis Budget Group (CAR) experienced significant declines due to company-specific challenges.

The U.S. stock market experienced a record-setting day, with the S&P 500 and Nasdaq closing at new highs, largely propelled by a strong rally in the semiconductor sector. While tech giants and related industries saw significant gains, some individual companies faced sharp declines due to specific earnings and market dynamics.