Nasdaq Tests Record Highs, as Alphabet Earnings Beat

Amid continued uncertainty in risk sentiment, major U.S. market indices closed the day with mixed outcomes. The NASDAQ, however, ended close to its July peak of 18,648 points. Ahead of major earnings announcements, the Nasdaq showed resilience, buoyed by gains in chipmakers and Meta, finishing the day up nearly 1%.

Closing Price for Main U.S. Indices

• Dow Jones Industrial Average fell by 154.06 points, or -0.36%, closing at 42,233.51.
• S&P 500 Index edged up by 9.56 points, or 0.16%, to finish at 5,833.08.
• NASDAQ Index climbed 145.56 points, or 0.78%, reaching 18,712.75.
• Russell 2000 (Small-Cap) slipped by 5.97 points, or -0.27%, ending at 2,223.08.

The NASDAQ led gains for the session, while the Dow and Russell 2000 saw slight declines. Alphabet’s earnings results exceeded expectations substantially, pushing its stock up 3% to its highest level since July. Alphabet shares rose $5.37, trading at $175.00, as both revenue and earnings came in above forecasts:

Nasdaq Chart Daily – Closing Near the July High

Alphabet Earnings

• Earnings Per Share (EPS): $2.12 (vs. $1.84 estimated)
• Revenue: $88.279 billion (vs. $86.31 billion estimated)

S&P 500 Live Chart