US STOCKS - S&P 500 and Nasdaq notch record highs; chipmakers climb

WALL STREET - July 8 (Reuters) - The S&P 500 and Nasdaq notched record-high closes on Monday as investors awaited fresh inflation data, commentary from Federal Reserve Chair Jerome Powell and the start of quarterly earnings season.

Nvidia rose nearly 2%, Intel rallied over 6% and Advanced Micro Devices added 4%, lifting the Philadelphia semiconductor index 1.9%.