03:11 PM EDT, 08/08/2025 (MT Newswires) -- US benchmark equity indexes were higher intraday as traders evaluated the latest corporate earnings and remarks by a Federal Reserve official.

The Nasdaq Composite was up 0.9% at 21,440.6 after midday Friday, while the S&P 500 rose 0.8% to 6,390.4. The Dow Jones Industrial Average advanced 0.5% to 44,207.2. Among sectors, technology and communication services paced the gainers, while utilities and real estate were in the red.

In company news, Monster Beverage ( MNST ) shares were up 6.4%, among the best performers on the S&P 500. The energy drinks company late Thursday posted better-than-expected second-quarter results, with tariffs having an immaterial impact on its operations.

FuboTV ( FUBO ) on Friday swung to a higher-than-expected profit in the second quarter, while the live-sports streaming company's sales and subscribers fell year over year. Its shares were up 2.4% intraday.

Under Armour ( UAA ) shares sank nearly 20% after the sportswear maker issued a fiscal second-quarter earnings outlook below market estimates amid ongoing macroeconomic uncertainties.

US Treasury yields were higher intraday, with the 10-year rate increasing 3.7 basis points to 4.28% and the two-year rate adding 2.2 basis points to 3.76%.

St. Louis Fed President Alberto Musalem said inflation is still a bigger concern for the US central bank than the labor market, Bloomberg News reported Friday.

"The economy is such that we are missing on our inflation target," Musalem reportedly said. "We are not missing on our employment mandate. The labor market seems to be around full employment."

Last week, official data showed the US economy added fewer jobs than projected in July, while gains in the previous two months were revised sharply lower. The unemployment rate moved up to 4.2% from 4.1% in June.

On Thursday, Atlanta Fed President Raphael Bostic reportedly said that there's still a possibility that policymakers will reduce their benchmark lending rate once this year.

West Texas Intermediate crude oil was little changed at $63.87 a barrel intraday.

US President Donald Trump's sweeping new tariffs on imports from several trading partners went into effect Thursday as the US leader's deadline for countries to strike deals expired.

Gold was up 0.2% at $3,462.2 per troy ounce.

US gold futures reached an all-time high Friday amid speculation that the yellow metal's imports may be subject to tariffs, though bullion gave up most of its gains as news emerged that gold bars would remain exempted from levies.

Silver rose 0.4% at $38.45 per ounce.