Nasdaq Climbs Back Near Record as Chip Stocks Rally

The Nasdaq was back near its highest levels on record as chip stocks kept their win streak alive following Intel’s earnings report. Both marked closing highs on Wednesday; the Nasdaq must top 24,657.577 to end the week at a closing high; the S&P 500 must top 7137.90. The Dow was down 131 points, or 0.3%.