Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Wednesday's key moments. 1. The S & P 500 is up to start the new month. Meanwhile, the Nasdaq is still under pressure as investors took profits in semiconductor stocks — a group that saw record-breaking rallies in the first half of the year — including Micron , Sandisk , Nvidia and Broadcom .