U.S. stock index futures were mixed on Thursday as investors assessed earnings from Alphabet and Tesla while focusing on progress in trade deals between the U.S. and its top partners. Google-parent Alphabet raised its capital spending plans for the year to about $85 billion and predicted a further increase next year,

The flurry of trade progress including fresh agreements with Japan, Indonesia and the Philippines helped set the three major indexes on track for a strong finish to the week, if gains hold.

Despite all of the panic, horror, cries of catastrophe, and jumping off a cliff by most of the economics profession and the press, the sky has not fallen.

Alphabet’s earnings beat lifts tech stocks, boosting the Nasdaq 100, while IBM drags down the Dow. US indices diverge as investors weigh mixed results.