Nasdaq hits record high as Alphabet beats estimates

The Nasdaq Composite rose 145.56 points, or 0.78%, to 18,712.75. The S&P 500 climbed 9.45 points, or 0.16%, to 5,832.97. The Dow Jones Industrial Average fell 154.52 points, or 0.36%, to 42,233.05.

NEW YORK: The Nasdaq scored a record closing high and the S&P 500 rose on Tuesday, 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.

Alphabet, one of the so-called "Magnificent Seven" megacap technology stocks, reported quarterly revenue that beat estimates.