U.S. equities closed mostly flat on Tuesday investors awaited earnings from tech giant Apple.
The Nasdaq composite hit an intraday record of 6,102.72 and eked out a closing record, with shares of Apple also hitting a new high. Apple's stock also had the most positive impact on the Nasdaq 100 index, which also reached a record high.
Apple is set to report fiscal second-quarter earnings after the bell Tuesday. One of the key metrics investors will be watching out for in those earnings is iPhone sales.
The tech giant makes most of its money from iPhones — and even if it meets estimates of 52 million, that's not a lot more than the 51 million it reported a year ago.
Apple's earnings have topped analyst expectations 15 of the past 16 quarters, while sales have missed just four times in the same time period, according to UBS research from April 24.
The Dow Jones industrial average rose about 35 points, with 3M and Visa contributing the most gains. The S&P 500 chopped around the flatline for most of the session, with information technology, industrials and health care outperforming.
"The big three events this week are the Fed Meeting, the labor figures due Friday and some of the big earnings" set for release this week, including Apple, said Eric Wiegand, senior portfolio manager at the Private Client Reserve at U.S. Bank. "So it's not surprising to see such an uninspiring session."