12:07 PM EDT, 09/12/2025 (MT Newswires) -- US equity indexes traded mixed while government bond yields rose in midday trading on Friday.

The Nasdaq Composite was up 0.3% to 22,114.4, after scaling a peak of 22,134.84 earlier in the session. The Dow Jones Industrial Average fell 0.4% to 45,926.4. The S&P 500 was little changed at 6,584.4. Consumer discretionary, technology, and utilities rose intraday while materials led the decliners.

Most Treasury yields rose, with the 10-year up .17 basis points to 4.08% and the two-year rate 4.1 basis points higher at 3.57%.

The University of Michigan's preliminary consumer sentiment index declined to 55.4 in September from 58.2 in August, missing the 58.0 estimate compiled by Bloomberg. One-year inflation expectations in the Michigan poll were 4.8%, unchanged from August and in line with the guidance in the Bloomberg poll. However, five-year inflation expectations climbed to 3.9% from 3.5%, versus the 3.4% consensus.

West Texas Intermediate crude oil futures jumped 1.4% to $63.24 a barrel.

In company news, Paramount Skydance ( PSKY ) is preparing a majority offer backed by the Ellison family for Warner Bros. Discovery ( WBD ) , according to media reports on Thursday, citing people familiar with the situation. Warner Bros. shares surged 11% intraday, the top gainer on the S&P 500 and the Nasdaq. Paramount shares advanced 4% intraday, among the leaders on the S&P 500.