Nasdaq jumps to record close as major tech names rise ahead of earnings

The tech-heavy Nasdaq advanced 0.78% to a record close of 18,712.75. The S&P 500 added 0.16% to end at 5,832.92. Meanwhile, the Dow Jones Industrial Average underperformed, falling 154.52 points, or 0.36%, to close at 42,233.05. Alphabet, Snap, Reddit, Chipotle and Advanced Micro Devices are all scheduled to post their quarterly results after the market closes. Tech juggernauts Meta Platforms and Microsoft are slated to report Wednesday, while Apple is up on Thursday.

’s chief market technician Jonathan Krinsky believes there is more near-term choppiness ahead for the market with just five trading days left before the U.S. presidential election. “While we aren’t looking for a bear market, our conviction remains high that we are poised for some downside volatility over the coming weeks,” he wrote in a note. The major averages are coming off a winning session.

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