New Delhi, April 30 -- The Dow Jones advanced on Thursday while the Nasdaq faced pressure, even as investors balanced strong corporate earnings against rising tensions in the conflict with Iran.

At 10:14 a.m. ET on Thursday, the Dow Jones Industrial Average rose 429.39 points, or 0.88%, to 49,233.73, the S&P 500 was flat at 7,138.78 and the Nasdaq Composite dropped 77.65 points, or 0.31%, to 24,595.59.

At the open, the S&P 500 rose 25.8 points, or 0.36%, to 7,161.75​, while the Nasdaq Composite rose 186.7 points, or 0.76%, to 24,859.941. The Dow Jones Industrial Average fell 98.9 points, or 0.20%, to 48,762.93.

Energy markets experienced significant turbulence, with crude oil prices whipsawing and pushing toward their highest pea...