02:34 PM EDT, 06/03/2025 (MT Newswires) -- US benchmark equity indexes were higher intraday as Wall Street evaluated remarks by a Federal Reserve governor and latest economic data.

The Nasdaq Composite was up 1% at 19,439.9 after midday Tuesday, while the S&P 500 rose 0.7% to 5,975.1. The Dow Jones Industrial Average advanced 0.5% to 42,504. Among sectors, energy and technology paced the gainers, while real estate and communication services saw the biggest drops.

Fed Governor Lisa Cook said that while the US economy remains on "a firm footing," uncertainty has increased significantly since the start of the year as changes to trade policy begin to weigh.

"I do not express views on the (Trump) administration's policies. But I do study the economic implications, which appear to be increasing the likelihood of both higher inflation and labor-market cooling," Cook said. "Heightened uncertainty poses risks to both price stability and unemployment."

US Treasury yields were higher intraday, with the two-year rate increasing 1.8 basis points to 3.96% and the 10-year rate rising one basis point to 4.47%.

In economic news, US job openings unexpectedly increased in April, while layoffs picked up, government data showed.

Official data are expected to show Friday that the economy added 130,000 jobs in May, compared with a 177,000 rise the month before, according to a Bloomberg-polled consensus.

The Organization for Economic Co-operation and Development lowered its global and US economic growth projections for 2025 and 2026 amid significant trade barriers, elevated policy uncertainty and deteriorating confidence. The latest outlook assumes that tariff rates as of mid-May remain intact despite ongoing legal challenges, according to the report.

"Weakened economic prospects will be felt around the world, with almost no exception," OECD Chief Economist Alvaro Pereira said. "Lower growth and less trade will hit incomes and slow job growth."

West Texas Intermediate crude oil was up 1.8% at $63.67 a barrel intraday.

In company news, Dollar General ( DG ) shares jumped nearly 15%, the top gainer on the S&P 500, after the discount retailer raised its full-year revenue and same-store sales growth outlook as it recorded better-than-expected fiscal first-quarter results.

Dollar Tree ( DLTR ) was among the best S&P 500 performers, up 5.6%.

Meta Platforms ( META ) agreed to buy electricity from Constellation Energy ( CEG ) in a deal that would keep Constellation's nuclear power facility, Clinton Clean Energy Center, operational for two more decades. Constellation shares rose 1.5%, while Meta fell 0.2%.

FactSet Research Systems ( FDS ) has appointed Sanoke Viswanathan as chief executive, effective in early September, replacing Phil Snow. FactSet shares were down 5.5%, among the steepest declines on the S&P 500.

CrowdStrike ( CRWD ) , Hewlett Packard Enterprise ( HPE ) and Guidewire Software ( GWRE ) are among the companies scheduled to report their latest quarterly financial results after the closing bell Tuesday.

Gold was down 0.7% at $3,346.3 per troy ounce, while silver fell 0.3% to $34.58 per ounce.