US stock indices moved in different directions on Thursday with the S&P 500 and the Nasdaq rising at the open as investors assessed tech earnings, while the Dow Jones declined on losses in shares of IBM and Honeywell.

As of 10 AM Eastern Time, the S&P 500 was 0.2% higher, The Dow Jones Industrial Average was down 0.5%, and the Nasdaq Composite was 0.2% higher.

At the open, the Dow Jones Industrial Average fell 233.9 points, or 0.52%, to 44776.41. The S&P 500 rose 9.7 points, or 0.15%, to 6368.6, while the Nasdaq Composite rose 63.8 points, or 0.30%, to 21083.818.

In the bond market, the yield on the 10-year US Treasury fell to 4.40%.

Gainers and Losers

Shares of Google-parent Alphabet rallied and Tesla tumbled sharply after the two companies reported earnings on Wednesday.

Alphabet stock jumped 3.1% after the company delivered a solid profit for the second quarter.

Tesla stock shed 9.2% after Elon Musk’s electric vehicle maker posted quarterly results that were roughly in line with Wall Street estimates.

Chipotle Mexican Grill stock fell 12% despite the burrito chain reported a profit for the second quarter.

IBM shares slumped 10.4% even though it reported a stronger profit than expected.

American Airlines stock sank 7.9% despite reporting a stronger profit than expected.

Honeywell lost 2.8% despite beating Wall Street expectations for the second quarter results.

Bullion

Gold prices fell on Thursday as trade deals optimism lifted risk appetite.

By 9:41 AM ET (1340 GMT), spot gold was down 0.8% at $3,362.35 per ounce. US gold futures dropped 0.9% to $3,367.40.

Among other metals, spot silver slipped 1% to $38.87 per ounce, palladium dropped 2.2% to $1,247.68 and platinum fell 0.8% to $1,400.18.

Oil prices gained on Thursday, buoyed by optimism over US trade talks.

Brent crude futures had gained 61 cents, or 0.89%, to $69.12 a barrel by 1329 GMT. US West Texas Intermediate crude futures climbed 73 cents, or 1.12% to $65.98 per barrel.