The Closing Bell 🔔

🙆🏻 Nasdaq and S&P 500 soar to record highs. Dow lags.

😅 Markets are up following yesterday’s health care debacle. 🔝 Morgan Stanley shares soared after reporting earnings that beat rival Goldman Sachs. 📈 Cisco and HP stocks are up more than 1%. 🔥 Shares of Discovery and Scripps are up following a report of a possible merger. 🏝 Apple, Google and Microsoft are hoarding $464 billion in cash — mostly overseas. 🏷 Is the “Amazon effect” creating bargain stocks?

Other market items:

• Colorado passes a milestone for pot revenue (CNNMoney)
• Brits will have to work an extra year to get their pension (CNNMoney)
• Debt ceiling concerns start to surface (Bloomberg)