12:37 PM EST, 12/13/2024 (MT Newswires) -- US equity indexes fell as a move higher in government bond yields focused investors' attention on the so-called dot plot due next week, damping risk sentiment following Broadcom's ( AVGO ) blistering rally.

The S&P 500 slid 0.1% to 6,043.1, with the Nasdaq Composite down 0.1% to 19,876.2 and the Dow Jones Industrial Average 0.2% lower at 43,829.3.

In premarket activity Friday, the Nasdaq was up about 175 points, and the Dow and the S&P 500 jumped, following Broadcom's ( AVGO ) fiscal Q4 results overnight. Boosting its price target on the company to $233 from $180 and maintaining its overweight rating, Morgan Stanley said the chip manufacturer continues to be "one of the most compelling ways" to play AI semiconductors over the next two to three years.

Broadcom ( AVGO ) shares were up 20% intraday, leading gainers on the S&P 500 and the Nasdaq.

Meanwhile, the 10-year US Treasury yield was heading for the fifth straight day of gains this week. It jumped 6.7 basis points to 4.39% intraday.

Investors are watching the 4.5% level on the 10-year yield ahead of the interest-rate decision on Wednesday. While a so-called hawkish rate cut is 97% priced in, the intrigue will be on signals about what comes in 2025, with just two further cuts priced in for the year, a report from Forexlive said. The Fed's dot plot, which reflects the policymakers' expectations for interest rates, will reveal a "bias and offer enlightening comments from officials about how they see inflation unfolding."

In economic news, US import prices rose by 0.1% in November, compared with the 0.2% decrease expected in a survey compiled by Bloomberg and a downwardly revised 0.1% increase in October.

Export prices were flat in November, compared with expectations for a 0.3% decline and a 1% increase in October.

West Texas Intermediate crude oil futures jumped 1.5% to $71.07 a barrel.