* Markets choppy amid peace talk and corporate earnings

cross-currents

* S&P 500, Nasdaq poised for modest weekly gains; Dow set

to tick lower on the week

* Oil dips as signs of peace talk progress outweighed

fears of prolonged supply disruption

* Dollar set for weekly gain

(Updates to mid-afternoon trading)

By Stephen Culp

NEW YORK, April 24 (Reuters) - The S&P 500 and the

Nasdaq advanced on Friday as investors monitored the fragile

U.S.-Iran truce and weighed solid corporate earnings against

downbeat forward guidance due to the war-related energy price

shock.

Tech shares, buoyed by strong results from Intel ( INTC ),

helped put the Nasdaq on top, while the S&P 500 was more

modestly green. The Dow was in negative territory.

For the week, the S&P 500 and the Nasdaq appeared set to log

modest gains, while the blue-chip Dow was poised to register a

decline from last Friday's close. The S&P 500 and the Nasdaq

continued to hover near record highs.

"Intel ( INTC ) just confirms the AI boom is alive and well, and

this earnings season is off to a tremendous start," said Ryan

Detrick, chief market strategist at Carson Group in Omaha.

Peace talks between the United States and Iran could resume

shortly in Pakistan, where Iranian Foreign Minister Abbas

Araqchi was due to arrive Friday night, according to Pakistani

sources.

Additionally, the Israel-Lebanon ceasefire was extended by three

weeks following a high-level meeting at the White House,

according to U.S. President Donald Trump.

"There's optimism that talks are going to restart soon,"

Detrick added. "With the extreme weakness we've seen from

defense stocks the last two weeks, the market might be saying

there could be some type of major peace deal on the horizon,

which clearly is a net positive."

Oil prices dipped as optimism over potential U.S.-Iran peace

talks offset supply concerns.

U.S. crude fell 1.51% to settle at $94.40 per barrel,

while Brent settled at $105.33 per barrel, down 0.25% on

the day.

SOLID CORPORATE EARNINGS MARRED BY DOUR GUIDANCE

First-quarter reporting season has hit full stride, with 139

of the companies in the S&P 500 having reported. Of those, 81%

have beaten earnings estimates. Analysts now see aggregate

year-on-year S&P 500 earnings growth of 16.1%, up from the 14.4%

growth projected at the beginning of the quarter, according to

LSEG I/B/E/S.

But on analyst conference calls, CEOs are increasingly providing

downbeat guidance due to spiking fuel costs resulting from the

war on Iran. Consumer products company Procter & Gamble ( PG )

warned on its Friday earnings call that it expects a roughly $1

billion hit to its fiscal 2027 profit because of the war-related

energy price shock.

Next week, a spate of high-profile earnings is on the docket,

including tech and tech-adjacent megacaps Amazon ( AMZN ),

Alphabet, and Meta Platforms ( META ). Oil supermajors

Exxon Mobil ( XOM ) and Chevron ( CVX ) are slated to report

next Friday.

"There's some very big names set to report next week,"

Detrick said. "We're optimistic we're going to continue to see

solid earnings, just like we have had so far this earnings

season."

The Dow Jones Industrial Average fell 120.07 points, or

0.24%, to 49,190.25, the S&P 500 rose 50.33 points, or

0.71%, to 7,158.80 and the Nasdaq Composite rose 374.31

points, or 1.53%, to 24,812.03.

European shares closed lower, dipping to more than a

two-week low and logging a weekly decline of 2.5% as investors

worried about energy supply disruption by the Middle East

conflict.

MSCI's gauge of stocks across the globe rose

4.80 points, or 0.45%, to 1,072.11.

The pan-European STOXX 600 index fell 0.58%, while

Europe's broad FTSEurofirst 300 index fell 12.54

points, or 0.51%.

Emerging market stocks rose 12.65 points, or 0.79%, to

1,611.96. MSCI's broadest index of Asia-Pacific shares outside

Japan closed higher by 0.82%, to 825.80, while

Japan's Nikkei rose 575.95 points, or 0.97%, to

59,716.18.

The dollar dipped but remained on pace for a weekly gain as

war uncertainty kept investors on edge.

The dollar index, which measures the greenback against a

basket of currencies including the yen and the euro, fell 0.3%

to 98.53, with the euro up 0.29% at $1.1718.

Against the Japanese yen, the dollar weakened 0.2% to

159.39.

In cryptocurrencies, bitcoin fell 0.43% to $77,588.59.

Ethereum declined 0.34% to $2,318.56.

U.S. benchmark Treasury yields dipped on hopes that U.S.-Iran

peace talks could take place over the weekend, bolstering

confidence that the war could be close to ending.

The yield on U.S. 10-year notes fell 0.9 basis

points to 4.314%, from 4.323% late on Thursday.

The 30-year bond yield rose 0.4 basis points to

4.9224% from 4.918% late on Thursday.

The 2-year note yield, which typically moves in step

with interest rate expectations for the Federal Reserve, fell

4.7 basis points to 3.778%, from 3.825% late on Thursday.

Gold advanced but remained on track for its first weekly

loss in five weeks as war-related inflation worries persisted.

Spot gold rose 0.58% to $4,719.31 an ounce. U.S. gold

futures rose 0.36% to $4,722.20 an ounce.