U.S. stocks closed mixed on Tuesday, with Nasdaq closing at record high, as investors sifted through a batch of corporate quarterly reports.
The Dow Jones Industrial Average was down 54.99 points, or 0.25 percent, to 21,574.73. The S&P 500 added 1.47 points, or 0.06 percent, to 2,460.61. The Nasdaq Composite Index gained 29.87 points, or 0.47 percent, to 6,344.31.
The Nasdaq composite was firmly supported on Tuesday after shares of Netflix soared more than 14 percent to an all-time high.
The online video company said it added 5.2 million total memberships during its second quarter.
Social media company Facebook also hit a record intraday high on Tuesday.
Meanwhile, Wall Street giant Goldman Sachs reported earnings of 3.95 U.S. dollars a share earlier Tuesday, beating market estimates of 3.39 U.S. dollars. Goldman's revenue of 7.89 billion U.S. dollars fell from 7.93 billion U.S. dollars, but beat expectations of 7.52 billion U.S. dollars. However, the bank reported a 17-percent decrease in trading revenues, the steepest of any big bank to report second-quarter earnings yet.
Shares of Goldman declined over 2 percent on Tuesday. The stock has lost 5 percent this year after surging more than 30-percent following the U.S. presidential election.
Bank of America also posted quarterly results that beat expectations. Its stock, however, was also pressured by a 9-percent decline in trading revenue. Shares of the bank dropped 1.5 percent on Tuesday after the report. Investors were awaiting more earnings reports later this week.
According to S&P Capital IQ, overall earnings are expected to grow by 6.2 percent this quarter. Earnings in the first quarter rose by approximately 15 percent.
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