Wall Street stocks mostly rose early Friday following another trove of earnings reports, with chip company Intel and toymaker Mattel moving in opposite directions.
Trading has been dominated this week by first-quarter earnings. Although the results have been generally strong, stocks have been under pressure much of the week after notching multiple records earlier in 2021.
Analysts have pointed to concerns over lofty equity valuations and rising coronavirus cases in India, Japan and other countries.
On Thursday, major indices were jolted lower following reports President Joe Biden plans to propose a big jump in capital gains taxes on the wealthiest.
About 20 minutes into trading, the Dow Jones Industrial Average was down 0.1% at 33 797.39.
The broad-based S&P 500 added 0.3% at 4 148.72, while the tech-rich Nasdaq Composite Index advanced 0.6% to 13 898.88.
Dow member Intel slumped 7.1% despite reporting better-than-expected results. Analysts pointed to disappointment over the chipmaker's forecast.
Mattel jumped 8.7% as it reported a $115.2 million loss, but a 47% surge in revenues to $874.2 million behind higher sales of "Barbie" and other prominent brands.