S&P 500, Dow end up for 3rd day as Alphabet jumps, volatility eases

The Dow Jones Industrial Average rose 36.12 points, or 0.12%, to 30,723.6, the S&P 500 gained 3.86 points, or 0.10%, to 3,830.17 and the Nasdaq Composite dropped 2.23 points, or 0.02%, to 13,610.54.

NEW YORK: The Dow and S&P 500 rose slightly on Wednesday, registering a third straight session of gains, with Alphabet Inc's shares hitting a record high following its strong quarterly results.

Alphabet shares ended up 7.3% and provided the biggest boost to the S&P 500. The Google parent late Tuesday posted results that topped quarterly sales expectations for its advertising and Cloud businesses, helped in part by the pandemic.