S&P 500 flat on mixed earnings reports; Alphabet weighs on Nasdaq

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© Reuters. FILE PHOTO: Traders work on the floor at the NYSE in New York© Reuters. FILE PHOTO: Traders work on the floor at the NYSE in New York

(Reuters) – The S&P 500 hit a fresh record high on Tuesday, lifted by upbeat earnings from drugmakers Merck and Pfizer (NYSE:), while disappointing quarterly profit from Google-parent Alphabet (NASDAQ:) kept the Nasdaq firmly in the negative territory.

At 10:45 a.m. ET, the Dow Jones Industrial Average () was up 48.19 points, or 0.18%, at 27,138.91, while the S&P 500 () was up 5.47 points, or 0.18%, at 3,044.89. The Nasdaq Composite () was down 16.34 points, or 0.20%, at 8,309.64.

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