S&P 500, Dow Open Modestly Higher; Nasdaq Opens In Record Territory

By Joseph Adinolfi Markets MarketWatch Pulse

The tech-heavy Nasdaq Composite Index opened in record territory Friday after strong earnings from Google parent Alphabet Inc. helped lift the broader index. The S&P 500 [s spx] climbed 2 points, or 0.1%, to 2,391, while the Dow Jones Industrial Average was flat at 20,974. The Nasdaq [: comp] gained 20 points, or 0.3%, to 6,070. Shares of Alphabet , one of the index's largest components, rose after the company late Thursday reported strong quarterly earnings. Meanwhile, shares of Western Digital Corp. surged after the computer-data storage company reported late Thursday that its quarterly revenue and profits had topped forecasts.

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