S&P 500, Nasdaq hit record highs on megacaps, earnings strength By Reuters – Investing.com

S&P 500, Nasdaq hit record highs on megacaps, earnings strength By Reuters – Investing.com

By Devik Jain and Shreyashi Sanyal

(Reuters) - Wall Street's main indexes rose on Friday, helped by megacap technology stocks and strong earnings from social media companies, while a weak sales forecast from Intel hit chipmakers amid increasing supply-chain constraints.

Twitter Inc (NYSE:) gained 1.3% after it reported higher quarterly revenue growth, while Snapchat-owner Snap Inc (NYSE:) surged 22.9% on beating estimates for user growth and revenue.