01:58 PM EDT, 08/12/2024 (MT Newswires) -- US benchmark equity indexes were mixed after midday Monday as markets awaited key inflation data due later in the week.

The Nasdaq Composite was up 0.5% at 16,826.9 intraday, while the S&P 500 rose 0.2% to 5,354.3. The Dow Jones Industrial Average fell 0.3% to 39,395. Among sectors, real estate led the decliners, while only technology and energy were in the green.

In economic news, official US producer prices report for July is scheduled to be released Tuesday, while consumer inflation data are due Wednesday. Government data are likely to show the consumer price index rose 0.2% sequentially and 3% annually last month, according to a Bloomberg-compiled consensus.

"Coupled with a cooler July employment report, any minimal improvement in price pressures will likely be enough to prompt the proverbial green light to reduce the federal funds rate," Stifel said in a Monday note to clients.

The New York Fed said US consumers' inflation expectations at the medium-term horizon fell to a record low last month, while short- and longer-term outlooks held steady.

The US 10-year yield fell 3.1 basis points to 3.91% intraday, while the two-year rate dropped 2.1 basis point to 4.03%.

West Texas Intermediate crude oil jumped 2.9% to $79.09 a barrel. The Organization of the Petroleum Exporting Countries cut its 2024 and 2025 global oil demand forecasts amid slowing growth prospects in China this year.

In company news, KeyCorp ( KEY ) secured a $2.8 billion investment from Bank of Nova Scotia ( BNS ) in return for a minority stake in the US bank. KeyCorp ( KEY ) shares jumped 8%, the top gainer on the S&P 500, while Scotiabank's US-listed stock declined 4%.

Nvidia ( NVDA ) was among the top gainers on the S&P 500 and the Nasdaq, up 5%.

Albemarle (ALB) shares fell 7.2%, the steepest decline on the S&P 500.

Retail giants Walmart ( WMT ) and Home Depot ( HD ) are scheduled to report their latest quarterly financial results later in the week.

Gold was up 1.2% at $2,503.50 per troy ounce, while silver rose 1.4% to $27.97 per ounce.