03:31 PM EDT, 06/25/2025 (MT Newswires) -- US benchmark equity indexes are on track to close mixed on Wednesday, after Federal Reserve Chair Jerome Powell signalled some increase in inflation in the coming months.

The S&P 500 increased 0.1% to 6,095.66, while the Nasdaq Composite was up 0.3% to 19,970.16. The Dow Jones Industrial Average fell 0.2% to 42,987.45. Among sectors, technology led the gainers, and consumer staples had the steepest decline.

Super Micro Computer ( SMCI ) shares were up 8.5%, the top gainer on the S&P 500, a day after the artificial intelligence server maker said it intends to offer $2 billion of convertible senior notes.

Northern Trust ( NTRS ) shares jumped 4.9%. The company appointed Pedro Guazo as head of international and responsible investing.

Chipmaking giant Nvidia ( NVDA ) was the top gainer on the Dow and among the best on the S&P 500, up 4%. Advanced Micro Devices ( AMD ) rose 3.4%.

Paychex ( PAYX ) shares were down 9.6%, the steepest decline on the S&P 500, after the company's fiscal Q4 revenue missed analysts' estimates.

The 10-year US Treasury yield was down 0.6 basis points to 4.29%, while the two-year rate increased 0.3 basis points to 3.79%.

August West Texas Intermediate crude oil rose 1.3% to $65.21 a barrel.