S&P 500 & Nasdaq Hit Record Intraday Highs, Salesforce Surges, Palantir Files to Go Public & The CEO Rips Silicon Valley, Etsy CEO Going After Amazon

Published: Aug. 26, 2020, 2:23 p.m.

b'Carl Quintanilla, Jim Cramer and David Faber discuss the melt-up for stocks.\\xa0The S&P 500 and the Nasdaq hitting record intraday highs.\\xa0Shares of Salesforce.com surging after reporting earnings that more than doubled estimates.\\xa0The company\\u2019s revenue also beating the street, and it raised its full year forecast as it benefits big from the increase in remote work and e-commerce.\\xa0On the COVID-19 front, the C.D.C quietly modified its coronavirus testing guidelines to exclude people who do not have symptoms, even if they have been recently exposed to the virus.\\xa0Palantir files to go public, while the company\\u2019s CEO rips into Silicon Valley in a letter to investors.\\xa0The CEO saying Silicon Valley engineers may be able to build good software but they don\\u2019t know \\u201chow society should be organized or what justice requires.\\u201d\\xa0Wedbush raising its price target on Apple to a new Street-high of $600 dollars per share.\\xa0Plus, the CEO of Etsy, Josh Silverman, speaking out against Amazon\\u2019s support for a California bill seeking to hold \\u201celectronic retail marketplaces\\u201d to the same liability standards applied to brick-and-mortar retailers.\\xa0Silverman calling the e-commerce giant out saying, \\u201cAmazon is taking bold steps to wipe out its competitors by promoting complex, hard-to-comply-with legislation that only they can afford to absorb.'