US STOCKS-S&P 500, Nasdaq hit record highs on megacaps, earnings strength

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) 

  * Social media stocks rally after upbeat results 

  * AmEx jumps on blowout Q2 profit 

  * Intel sales forecast implies rocky second half 

  * Indexes up: Dow 0.51%, S&P 0.77%, Nasdaq 0.80% (Adds comments, updates prices to early afternoon) 

  By Devik Jain and Shreyashi Sanyal 

  July 23 (Reuters) – The S&P 500 and Nasdaq indexes hit record highs on Friday and were on…


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