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U.S. stocks closed higher, with the Nasdaq Composite reaching a record high, as investors reacted to strong earnings reports from major technology companies. Alphabet Inc., the parent company of Google, reported third-quarter earnings that exceeded expectations, driven by strong cloud growth. Alphabet's shares soared, rising as much as 6% in extended trading. The S&P 500 index rose modestly, while the Dow Jones Industrial Average fell slightly.
The Nasdaq scored a record closing high and the S&P 500 rose, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet's results that came after the market close. Read more: https://t.co/z1kI87OBzz https://t.co/xKWYY3osSh
US stocks ended mixed before Alphabet, one of the so-called 'Magnificent Seven' megacap technology stocks, reported quarterly revenue that beat estimates. The Dow slipped slightly, the S&P rose modestly and the Nasdaq reached a record close https://t.co/BTjpNr0SmH https://t.co/O2mtT5nlHx
#Nasdaq hits record high led by #Alphabet but Dow continues underperformance https://t.co/iLsVMhPwjc
