Stocks were mixed Friday after the major averages posted back-to-back gains on easing geopolitical fears.

The S&P 500 hovered around the flatline along with the Nasdaq Composite. The Dow Jones Industrial Average traded 247 points lower, or 0.5%, dragged by a 2% slide in Goldman Sachs.

Shares of Nvidia and Advanced Micro Devices rose more than 2% and 3%, respectively.

Intel shares, in contrast, tumbled 14% after the chipmaker reported a disappointing first-quarter outlook.

The major averages rallied for a second session as investors were appeased by news of easing trade tensions and geopolitical risk.