Nasdaq Rises to Record High as Earnings Season Peaks

The Nasdaq closed at a record high, while the S&P 500 rose and the Dow fell as investors focused on corporate earnings and awaited Alphabet's results. Earnings from major tech firms are pivotal for market optimism, highlighting the 'Magnificent Seven'. Key earnings next include Alphabet and Chipotle.

The Nasdaq Composite soared to a record high on Tuesday, underpinned by investor optimism surrounding key earnings reports. Meanwhile, the S&P 500 recorded gains, while the Dow Jones Industrial Average faced a downturn. Attention now turns to Alphabet's earnings announcement, alongside results from other 'Magnificent Seven' technology firms.

In the realm of earnings, Alphabet's results exceeded expectations, highlighting its significance within the dominant tech sector. Other major companies like Visa and Chipotle Mexican Grill are also scheduled to report, adding fuel to the market's buoyancy. However, some companies like Ford face challenges, with the automaker's stock slipping significantly.

The economic backdrop remains dynamic, as the Labor Department's JOLTS survey revealed fewer job openings than anticipated, contrasting with rising consumer confidence. We approach a pivotal period, with upcoming corporate earnings, geopolitical tensions, and U.S. elections poised to impact market dynamics significantly.

(With inputs from agencies.)