03:54 PM EST, 01/13/2025 (MT Newswires) -- US benchmark equity indexes mixed ahead of Monday's close amid a decline in certain technology stocks as markets awaited inflation data and bank earnings due later in the week.

The tech-heavy Nasdaq Composite was down 0.8% at 19,018.6, while the S&P 500 fell 0.1% to 5,822.3. The Dow Jones Industrial Average rose 0.8% to 42,256.5. Among sectors, utilities and tech posted the biggest drops, while energy led the gainers.

Nvidia ( NVDA ) shares fell 2.4%, the steepest decline on the Dow, with Apple ( AAPL ) and IBM ( IBM ) also declining.

Palantir Technologies ( PLTR ) shares fell 4.1%, the second-biggest drop on the Nasdaq. Micron Technology ( MU ) and Palo Alto Networks ( PANW ) also dropped.

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

The US 10-year yield rose 1.6 basis points to 4.79%, while the two-year rate was little changed at 4.4%.

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

West Texas Intermediate crude oil jumped 3.1% to $78.89 a barrel.