12:42 PM EDT, 05/23/2024 (MT Newswires) -- US equity indexes traded mixed and government bond yields jumped after Nvidia's ( NVDA ) strong results lifted the technology sector while a surprise improvement in manufacturing conditions accompanied declining jobless claims.

The tech-heavy Nasdaq Composite climbed 0.8% to 16,937.7 after midday on Thursday. The S&P 500, of which Nvidia ( NVDA ) is one of the largest constituents, rose 0.2% to 5,319.2. However, the Dow Jones Industrial Average, home to 30 traditional US giants fell 0.7% to 39,402.1.

Financials, industrials, and materials led the decliners intraday.

Nvidia ( NVDA ) rose 11% intraday, the top gainer on the S&P 500 and the Nasdaq, after the poster child for the artificial intelligence industry reported market-topping fiscal Q1 earnings and sales.

The US 10-year Treasury yield jumped 5.3 basis points to 4.49%, and the two-year surged 6.4 basis points to 4.94%, reflecting strong macroeconomic data.

The May flash reading of manufacturing conditions from S&P Global rose to 50.9 from 50.0 in April, versus the 49.9 anticipated in a survey compiled by Bloomberg. The index suggests expansion, which is in line with the Philadelphia Fed manufacturing index, but in contrast with the Empire State manufacturing index indicating contraction. Notably, the index measuring services conditions climbed to a 12-month high of 54.8 in May from 51.3 in April, compared with expectations for a decline to 51.2.

US initial jobless claims fell to 215,000 in the week ended May 18 from an upwardly revised 223,000 in the previous week, compared with expectations for a drop to 220,000 in a survey of analysts compiled by Bloomberg.

US new-home sales declined to a 634,000 annual rate in April from a downwardly revised 665,000 in March, compared with expectations for an increase to 678,000 in a survey compiled by Bloomberg. Home sales slumped 7.7% from a year ago.

Further, in company news, the US Justice Department and 30 state and district attorneys general sued Ticketmaster-parent Live Nation (LYV) Thursday, saying the company should be broken up because it has a monopoly in ticketing and concert promotion. Its shares slumped 6.6% intraday, the second-worst performer on the S&P 500.

Boeing ( BA ) faces a "long road" to ensuring safe manufacturing of airplanes, Federal Aviation Administration Administrator Michael Whitaker told ABC News in an interview Thursday. Shares of the firm dropped nearly 6% intraday, the steepest decliner on the Dow.

West Texas Intermediate crude oil fell 0.8% to $77.01 a barrel.