Earnings power S&P 500 to record; Alphabet lags

NEW YORK (Reuters) - The S&P 500 extended its record-setting run on Tuesday, led by well-received corporate reports from McDonald's and Caterpillar and gains for bank shares, while the Nasdaq managed a record high despite losses for Google parent Alphabet.

The Dow Jones Industrial Average <.DJI> rose 100.46 points, or 0.47 percent, to 21,613.63, the S&P 500 <.SPX> gained 7.22 points, or 0.29 percent, to 2,477.13 and the Nasdaq Composite <.IXIC> added 1.37 points, or 0.02 percent, to 6,412.17.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)