04:51 PM EST, 01/13/2025 (MT Newswires) -- US benchmark equity indexes closed mixed Monday as markets awaited official inflation data for December and bank earnings due later in the week.

The Dow Jones Industrial Average rose 0.9% to 42,297.1, while the S&P 500 advanced 0.2% to 5,836.2. The Nasdaq Composite fell 0.4% to 19,088.1. Energy and materials led the gainers among sectors, while utilities saw the biggest drop.

The official US producer price report for December is scheduled to be released Tuesday, followed by consumer inflation data on Wednesday.

The US consumer price index is expected to have increased 0.3% sequentially and 2.9% annually last month, according to a Bloomberg-compiled consensus.

US consumers' median inflation expectations were unchanged at 3% at the one-year horizon in December, a survey by the Federal Reserve Bank of New York showed Monday. Their three-year inflation outlook rose to 3% from 2.6%, while five-year expectations dropped to 2.7% from 2.9%.

The US 10-year yield increased 1.6 basis points to 4.79% Monday, while the two-year rate was little changed at 4.39%.

JPMorgan Chase ( JPM ) , Bank of America ( BAC ) , Wells Fargo ( WFC ) , Morgan Stanley ( MS ) , Goldman Sachs ( GS ) , and Citigroup ( C ) are set to report their latest quarterly financial results later this week.

In company news, Johnson & Johnson ( JNJ ) agreed to acquire Intra-Cellular Therapies ( ITCI ) for about $14.6 billion in cash to strengthen its neuroscience portfolio. The healthcare product conglomerate's shares increased 1.7%, among the best performers on the Dow, while Intra-Cellular surged 34%.

Humana (HUM) was among the top gainers on the S&P 500, up 6.8%, as Wells Fargo ( WFC ) adjusted its price target on the health insurer's stock to $337 from $315.

Moderna ( MRNA ) shares slumped nearly 17%, the biggest decline on the S&P 500, after the drugmaker cut its full-year revenue outlook.

Edison International's ( EIX ) southern California utility is facing a lawsuit blaming the company's equipment for igniting a wildfire in Los Angeles, Bloomberg News reported. Edison International ( EIX ) shares tanked 12%, the second-worst performer on the S&P 500.

West Texas Intermediate crude oil jumped 2.8% to $78.73 a barrel Monday. "Oil prices rallied, driven by wider US sanctions on Russian oil and the expected hit to China and India's supplies," D.A. Davidson said in a note to clients.

Gold dropped 1.3% to $2,680.80 per troy ounce, while silver tumbled 3.3% to $30.29 per ounce.