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US Equity Indexes Rise in Choppy Midday Trading
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US Equity Indexes Rise in Choppy Midday Trading
Mar 5, 2025 10:09 AM

12:42 PM EST, 03/05/2025 (MT Newswires) -- US equity indexes rose while government bond yields were mixed after midday Wednesday as investors weighed divergent macroeconomic data.

The Nasdaq Composite was up 0.4% at 18,363.8, while the S&P 500 rose 0.3% to 5,796.4 after both indexes traded lower earlier in the session. The Dow Jones Industrial Average gained 0.5% to 42,712.6, clawing back declines. Energy and utilities led the decliners, while the materials sector was the top gainer intraday.

In economic news, ADP's monthly measure of private payrolls showed a 77,000-jobs increase in February, below the 140,000 gain expected in a survey compiled by Bloomberg. The February increase followed an upwardly revised 186,000 gain in January.

The Institute for Supply Management's US services index rose to 53.5 in February from 52.8 in January, compared with expectations of 52.5 in a survey compiled by Bloomberg.

US Treasury yields traded mixed, with the 2-year little changed at 3.96% while the 10-year jumped 4.4 basis points to 4.25%.

In company news, CrowdStrike ( CRWD ) issued late Tuesday fiscal Q1 and full-year earnings guidance that trailed market estimates. The outlook for operating margins "was below expectations" this year, and free cash flow "margin commentary also suggested pressure," UBS Securities said in a note Wednesday. CrowdStrike's ( CRWD ) shares slumped 8.8% intraday, the worst performer on the S&P 500 and the Nasdaq.

West Texas Intermediate crude oil futures sank 3.7% to $65.74 a barrel, off its session lows.

Gold futures rose 0.3% to $2,930.00, and their silver counterparts jumped 2% to $33.04.

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