US Stocks-Nasdaq falls as AI worries mount ahead of pivotal earnings

At 9:49 a.m. ET, the Dow Jones Industrial Average rose 354.49 points, or 0.68%, to 52,564.57, the S&P 500 lost 19.98 points, or 0.27%, to 7,393.20 and the Nasdaq Composite lost 290.20 points, or 1.16%, to 24,641.89.

Dow component Coca-Cola gained 6.3%, as the beverage company raised its annual revenue and profit forecasts.

Gains in Coca-Cola also helped in lifting the S&P 500's consumer staples index, which was up 3.1%.

Information technology was the weakest group, down 1.9%.

Boeing gained 3.2% after the airplane maker generated positive free cash flow as its turnaround plans gained momentum.

Oil prices offered some relief, falling 2.4% to a one-week low as a fragile U.S.-Iran ceasefire appeared to hold despite reports of drone attacks in Saudi Arabia, Jordan and Iraq. President Donald Trump said the U.S. was having "good talks" with Iran and that a deal to end the conflict was possible.