03:32 PM EDT, 07/11/2025 (MT Newswires) -- US benchmark equity indexes are on track to close lower on Friday as the US Treasury reported a $27.01 billion budget surplus in June.

The Dow Jones Industrial Average was down 0.6% at 44,392.04, while the Nasdaq Composite decreased 0.1% to 20,614.34. The S&P fell 0.2% to 6,265.91. Among sectors, energy led the gainers while financials had the steepest decline.

Halliburton ( HAL ) shares were up 3.7%, the top gainer on S&P 500, after TD Cowen raised its price target to $36 from $32. The firm maintained its buy rating.

United Airlines (UAL) and JetBlue Airways ( JBLU ) shares were down 4.5% and 3.6% respectively. The companies' proposed Blue Sky partnership could reduce competition and raise fares, Democratic Senator Richard Blumenthal warned in a letter to the companies' chief executives, Reuters reported.

Gilead Sciences ( GILD ) was among the worst performers on the S&P 500, down 3.6%, as HSBC reduced its price target on the stock to $91 from $93.

The 10-year US Treasury yield was up 7.9 basis points to 4.43%, while the two-year rate increased 2.5 basis points to 3.91%.

August West Texas Intermediate crude oil increased 3.1% to $68.60 a barrel.