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Benzinga
Benzinga
Business
Piero Cingari

Chip Stocks Power S&P 500 to Record Highs, SanDisk Soars 15%: Stock Market Today

SanDisk ETF Nasdaq Inflation Cisco Systems, Inc. Dillard Inc Semiconductor Super Micro Computer Inc. Tapestry Inc
Sandisk,Company,Logo - EK

The S&P 500 cleared 7,800 points for the first time ever on Thursday after a second consecutive soft inflation print all but shut the door on a September rate hike, with semiconductors doing the heavy lifting.

Sandisk Corp. (NASDAQ:SNDK) soared 15% after unveiling a new optimistic roadmap in its investor day.

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