02:13 PM EST, 11/17/2025 (MT Newswires) -- US benchmark equity indexes were lower intraday at the start of the week that will feature Nvidia's ( NVDA ) quarterly results, minutes from the Federal Reserve's October meeting and the delayed September jobs report.

The Dow Jones Industrial Average was down 0.6% at 46,856.8 after midday Monday. The Nasdaq Composite and the S&P 500 shed 0.5% each to 22,797.6 and 6,702.4, respectively. Among sectors, energy, technology and financials saw the biggest drop, while communication services paced the gainers.

Tech bellwether Nvidia ( NVDA ) was down 2.1%, among the worst performers on the Dow intraday Monday. The US chipmaking giant is scheduled to report its fiscal third-quarter results on Wednesday.

Nvidia ( NVDA ) faces high earnings expectations over the near term amid elevated skepticism around artificial intelligence capital expenditure, BofA Securities said in a note emailed Monday.

In other company news, Sealed Air ( SEE ) agreed to be acquired and taken private by funds affiliated with investment firm Clayton, Dubilier & Rice, in an all-cash deal worth about $10.3 billion. Shares of the food and protective packaging solutions provider were down 3% intraday.

Alphabet (GOOG, GOOGL) was up 3.5% intraday after Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) disclosed on Friday a $4.33 billion stake in Google's ( GOOG ) parent company as of Sept. 30. Berkshire's A and B shares were down 0.5% and 0.4%, respectively.

In economic news, the Federal Reserve is scheduled to release minutes of its October policy meeting on Wednesday.

Last month, the central bank reduced its benchmark lending rate by 25 basis points, following a similar move in September, and reiterated concerns regarding the labor market.

Fed Vice Chair Philip Jefferson said the US central bank should move "slowly" with its monetary policy easing as the balance of risks has shifted.

"The current policy stance is still somewhat restrictive, but we have moved it closer to its neutral level that neither restricts nor stimulates the economy," Jefferson said in prepared remarks for a speech at the Fed's Kansas City branch. "The evolving balance of risks underscores the need to proceed slowly as we approach the neutral rate."

The probability that the Federal Open Market Committee will cut interest rates by 25 basis points next month fell to 40% on Monday from 44% on Friday and 62% a week ago, according to the CME FedWatch tool.

Treasury yields were mixed intraday, with the 10-year rate down 1.3 basis points at 4.13% while the two-year rate was little changed at 3.61%.

The nonfarm payrolls report for September is scheduled to be released on Thursday. The report, originally scheduled for release on Oct. 3, was delayed due to the record-long federal government shutdown, which ended last week.

West Texas Intermediate crude oil was down 0.2% at $59.96 a barrel intraday.

Gold dropped 0.6% to $4,069.60 per troy ounce, while silver fell 0.1% to $50.63 per ounce.