Tesla tumbles and Alphabet rises to keep Wall Street near its records

NEW YORK (AP) — Wall Street is hanging near its records on Thursday, though the calm surface of the U.S. stock market is hiding some roiling moves underneath. Alphabet is rising, and Tesla is tumbling following a jumble of profit reports from big U.S. companies.

The S&P 500 was 0.2% higher in afternoon trading, coming off its all-time high set the day before. The Dow Jones Industrial Average was down 209 points, or 0.5%, as of 1:05 p.m. Eastern time, and the Nasdaq composite was 0.2% higher.