The NASDAQ Composite fell on Tuesday as Google's parent Alphabet tumbled on revenue miss.
The Dow Jones Industrials moved out into the green 38.52 points to finish at 26,592.91, even as Apple lagged.
The S&P 500 recovered 2.8 points to 2,945.83, improving on Monday's record high.
The tech-heavy index fell 54.09 to 8,107.77, after reaching an all-time high in the previous session.
Alphabet fell 7.5% Tuesday, posting its worst day since October 2012 after reporting revenue of $36.34 billion in the first quarter, versus $37.33 billion expected. The weaker revenue was driven by the decelerating ad sales growth at Google
Other stocks had more positive reactions to earnings, however.
Dow-component McDonald's posted quarterly earnings and revenue that topped analysts' expectations. Global same-store sales grew 5.4% in the first quarter, more than the 3.4% increase analysts expected, as the burger chain ramped up its promotion programs. The company's stock rose 0.2%.
General Electric reported better-than-expected first-quarter earnings Tuesday, sending its shares up 4.6%. The company posted earnings of 13 cents a shares, above Wall Street consensus of nine cents a share. Revenue also came above expectations.
More than half of the S&P 500 companies have reported so far and 77% of them have topped analyst expectations. If all remaining companies report numbers in line with estimates, earnings growth will be up 0.7% year over year, which contrasts the 2%
decrease expected as recently as April 1.
The Federal Reserve started its two-day policy meeting Tuesday. Money managers will be looking for clues on the central bank's plan for its balance sheet moving forward as well as its view on the economy.
Prices for the benchmark 10-year U.S. Treasury were sharply down, raising yields to 2.51% from Monday's 2.53%. Treasury prices and yields move in opposite directions.
Oil prices gained 39 cents to $63.89 U.S. a barrel.
Gold prices advanced $4.20 to $1,285.70 U.S. an ounce.