01:01 PM EST, 12/10/2024 (MT Newswires) -- US equity indexes traded steady as government bond yields rose and the dollar appreciated ahead of a tick-up anticipated in month-over-month headline inflation.

The S&P 500 and the Dow Jones Industrial Average stood little changed at 6,057.5 and 44,421.9, respectively, after midday on Tuesday. The Nasdaq Composite climbed 0.2% to 19,780.1. The S&P 500 and the Nasdaq have risen consecutively for the past three weeks, making fresh record highs.

Communication services and consumer discretionary were the standout gainers intraday. Real estate, utilities, and technology were among the decliners.

The month-over-month headline inflation rate rose by 0.3% in November from 0.2% in October, according to a survey compiled by Bloomberg ahead of the data on Wednesday. The month-over-month core rate and the year-over-year headline and core rates measuring price pressures remained unchanged last month, as per the survey.

The US Dollar index climbed 0.4% to 106.57 intraday, gaining against a basket of the world's major currencies.

"The dollar edged higher ahead of a crucial inflation report this week that could influence the Federal Reserve's decisions at its monetary policy meeting" on Dec. 18, according to a note from D.A. Davidson.

As per the CME Group's FedWatch Tool, the highest probability of the level of interest rates in December next year is 3.75% to 4%, versus 4.5% to 4.75% currently, implying the market is not pricing a lot of easing after the highly anticipated 25 basis-point rate cut this month.

Most US Treasury yields rose intraday, with the US 10-year up 3.59 basis points to 4.24% and the two-year climbed 4.3 basis points to 4.17%.

Gold jumped 1.2% to $2,716.32 an ounce, and silver climbed 0.2% to $32.67 an ounce.

In economic news, the National Federation of Independent Business's monthly Small Business Optimism Index jumped to 101.7 in November from 93.7 in October, above 90.6 from a year ago and the highest since June 2021.

Redbook US same-store sales rose by 4.2% from a year earlier in the week ended Dec. 7, slower than a 7.4% year-over-year increase in the previous week.

In company news, Oracle (ORCL) shares slumped 8.1% intraday, the worst performer on the S&P 500, after fiscal Q2 non-GAAP earnings and revenue trailed analyst expectations late Monday.

MongoDB ( MDB ) sank 14% intraday, the steepest decliner on the Nasdaq, even after reporting better-than-expected Q3 results and raising the full-year outlook.

Boeing ( BA ) resumed production of its 737 MAX aircraft last week, almost a month after a nearly eight-week strike, Reuters reported Monday, citing three unnamed sources familiar with the matter. Shares of the aircraft manufacturer jumped 4.1% intraday, the top performer on the Dow.

West Texas Intermediate crude oil futures rose 0.7% to $68.83 a barrel.