04:30 PM EDT, 05/13/2024 (MT Newswires) -- US benchmark equity indexes closed mixed Monday after a survey showed consumers' increasing short- and long-term inflation expectations, while markets awaited key prices data due later this week.

The Dow Jones Industrial Average fell 0.2% to 39,431.5, while the Nasdaq Composite rose 0.3% to 16,388.2. The S&P 500 was little changed at 5,221.4. Industrials and financials saw the steepest declines among sectors. Only technology and real estate closed higher.

In economic news, US consumers' one- and five-year inflation expectations increased in April, while the home price growth outlook hit the highest level since July 2022, according to a survey by the Federal Reserve Bank of New York.

Separately, a survey published by the Cleveland Fed showed that inflation expectations among US business leaders rose in the second quarter. Chief executives and other top executives expect inflation, as measured by the consumer price index, to be 3.8% over the next 12 months, up from 3.4% in January.

The US 10-year yield fell 1.9 basis points to 4.49% Monday, while the two-year rate declined one basis point to 4.86%.

Government data are likely to show Wednesday that US consumer inflation rose 0.4% sequentially and 3.4% year over year in April, according to a Bloomberg-compiled consensus. Official producer prices data for last month are scheduled to be released Tuesday.

"Should inflation remain at current levels or push slightly higher still, which remains our base case forecast, the Fed will have little if any wiggle room to provide relief, keeping rates at today's relatively elevated level, potentially through the entirety of the current year," Stifel said in a note.

The central bank's Federal Open Market Committee tightened monetary policy by 525 basis points from March 2022 through July 2023 to tame inflation. It has kept interest rates unchanged since then, with its latest pause coming earlier this month.

West Texas Intermediate crude oil rose 1.2% to $79.20 per barrel Monday.

In company news, Oppenheimer Asset Management said 459 of the S&P 500 companies have reported their latest quarterly financial results so far in the ongoing cycle, with earnings up 5.5% year over year on the back of 3.8% growth in revenue. Bloomberg put bottom-up estimates of earnings growth at 3.9% before the start of the season. Roughly 79% of companies have topped analyst estimates for bottom-line so far, the brokerage said.

Paccar ( PCAR ) shares fell 2.1%, the second-steepest decline on the Nasdaq, as Evercore ISI adjusted its price target on the stock to $109 from $101.

Incyte ( INCY ) was the top gainer on the S&P 500, up 8.6%, after the company's board authorized a $2 billion share buyback program.

Walgreens Boots Alliance ( WBA ) is seeking potential buyers for the 7 billion-British-pound ($8.8 billion) Boots drugstore chain in the UK, Bloomberg News reported, citing unnamed sources. Walgreens Boots shares jumped 5.4%, among the best performers on the S&P 500 and the Nasdaq.

Gold slid 1.3% to $2,343.40 per troy ounce, while silver lost 0.1% to $28.48 per ounce.