01:59 PM EST, 11/26/2024 (MT Newswires) -- US benchmark equity indexes were mixed intraday as markets evaluated President-elect Donald Trump's latest comments on tariffs and awaited key corporate earnings.

The Nasdaq Composite was up 0.5% at 19,150.5 after midday Tuesday, while the S&P 500 rose 0.4% to 6,010.1. The Dow Jones Industrial Average fell 0.1% to 44,712.5. Among sectors, utilities and communication services led the gainers. Only materials and energy were in the red.

Trump late Monday vowed to impose a 25% tariff on products imported from Mexico and Canada, as well as an additional 10% levy on Chinese goods, according to media reports.

"It's a threat, but not a certainty, and it may be temporary if executed," Scotiabank said in a Tuesday note to clients. "This may be why the reaction across financial markets is not bigger."

The US 10-year yield rose 5.1 basis points to 4.31% intraday, while the two-year rate increased 3.7 basis points to 4.29%.

In economic news, new-home sales in the US declined more than expected in October, while median prices at the national level picked up both sequentially and annually, government data showed.

US home prices increased to a new record in September, though price growth "stalled" in the third quarter, S&P Global ( SPGI ) division S&P Dow Jones Indices said.

Separately, the Federal Housing Finance Agency said home prices increased 0.7% on a seasonally adjusted basis in September, compared with the prior month's upwardly revised 0.4% gain. The consensus was for a 0.3% rise in a survey compiled by Bloomberg.

Minutes from the Federal Reserve's latest monetary policy meeting are scheduled to be released at 2 pm ET.

At the meeting held earlier this month, the Federal Open Market Committee reduced its benchmark lending rate by 25 basis points, following a 50-basis-point cut in September.

West Texas Intermediate crude oil fell 0.7% to $68.47 a barrel intraday.

In company news, NRG Energy ( NRG ) shares were up 9.3%, the best performer on the S&P 500, as Jefferies upgraded the stock to buy from hold and raised its price target to $113 from $93.

J.M. Smucker (SJM) logged stronger-than-expected fiscal second-quarter results and raised its full-year earnings outlook. The consumer packaged goods company's shares jumped 5.1%, among the top gainers on the S&P 500.

Amgen ( AMGN ) said a phase 2 study showed that its investigational MariTide drug demonstrated up to 20% average weight loss after a year in people with obesity or overweight without type-2 diabetes. Mizuho said in a note that this efficacy is "on the low end of expectations."

Amgen ( AMGN ) shares were down 8.1% intraday, the steepest decline on the Dow and among the worst on the S&P 500 and the Nasdaq.

Qualcomm's ( QCOM ) takeover interest in rival chipmaker Intel ( INTC ) is cooling down amid complexities related to a potential transaction, Bloomberg News reported Monday, citing unnamed sources. Intel ( INTC ) shares were down 2.9% intraday Tuesday, among the worst Nasdaq performers, while Qualcomm ( QCOM ) fell 0.8%.

Separately, Intel ( INTC ) and the US Department of Commerce said Tuesday they have reached an agreement to award the semiconductor producer up to $7.86 billion in direct funding under the US CHIPS and Science Act.

Dell Technologies ( DELL ) , CrowdStrike ( CRWD ) , Workday (WDAY), Autodesk ( ADSK ) , and HP (HPQ) are among the companies scheduled to report results after Tuesday's closing bell.

Gold was up 1.4% at $2,622.90 per troy ounce, while silver rose 0.6% to $30.42 per ounce.