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Equity Markets Close Mixed as Investors Await Key Earnings, Economic Reports
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Equity Markets Close Mixed as Investors Await Key Earnings, Economic Reports
May 25, 2025 9:45 PM

04:28 PM EDT, 04/28/2025 (MT Newswires) -- US benchmark equity indexes closed mixed on Monday, as investors looked ahead to key earnings reports and economic data later in the week.

The Nasdaq decreased 0.1% to 17,366.13, while the S&P 500 gained less than 0.1% to 5,528.75. The Dow Jones Industrial Average was up 0.3% to 40,227.59. Utilities and real estate sectors posted the highest gains, while technology had the steepest decline.

US Treasury yields were mostly down, with the 10-year rate decreasing 5.6 basis points to 4.21% and the two-year rate dropping 7.5 basis points to 3.69%.

June West Texas Intermediate crude oil decreased 1.8% to $61.90 a barrel on Monday.

This week's key macro reports include an initial reading of US first-quarter economic growth, the personal income and outlays report for March and the official jobs report for April.

In economic news, the Texas manufacturing sector's contraction worsened this month to its lowest level since May 2020, while uncertainty grew amid potential tariffs impact, data from the Federal Reserve Bank of Dallas showed Monday.

"Texas manufacturing production continued to grow in April, though the future is more uncertain as demand fell and outlooks worsened," Emily Kerr, senior business economist at the Dallas Fed, said. "Many contacts noted turmoil from trade policy."

In company news, AbbVie ( ABBV ) was among the top gainers on the S&P 500, with shares up 3.4%. Raymond James raised its price target on the company's stock to $227 from $220.

Aon (AON) shares were up 2.3%. Piper Sandler upgraded its rating on the company's stock to overweight from neutral and adjusted the price target to $378 from $384.

Opera (OPRA) shares surged 6.4% after the internet browser company reported higher adjusted net income and revenue for its Q1 ended March 31 and also raised its guidance for 2025 revenue.

Chipmaking giant Nvidia's ( NVDA ) shares were down 2.1%, the worst performer on the Dow. China's Huawei Technologies is preparing to test its latest artificial intelligence processor that it hopes could replace certain higher-end products of Nvidia ( NVDA ), The Wall Street Journal reported Sunday, citing unnamed sources.

Gold increased 1.9% to $3,361 per troy ounce, while silver was up 0.3% to $33.41 per troy ounce.

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