03:45 PM EDT, 05/28/2024 (MT Newswires) -- US benchmark equity indexes were struggling for direction ahead of Tuesday's close, with Nvidia ( NVDA ) helping the Nasdaq Composite break above the 17,000 level for the first time earlier in the session.

The technology-heavy Nasdaq was up 0.4% at 16,988.7. The Dow Jones Industrial Average fell 0.7% to 38,797.3, while the S&P 500 lost 0.1% to 5,298.5. Among sectors, tech led the gainers, while health care saw the steepest decline.

Markets were closed Monday for the Memorial Day holiday.

Major corporations and retailers such as Salesforce ( CRM ) , Costco Wholesale ( COST ) , Marvell Technology ( MRVL ) , Dollar General ( DG ) , Best Buy ( BBY ) , Burlington Stores ( BURL ) , Dick's Sporting Goods (DKS) and Abercrombie & Fitch ( ANF ) are scheduled to report their latest financial results later in the week.

The US 10-year yield rose 6.7 basis points to 4.54%, while the two-year rate added 1.9 basis points to 4.97%.

President of Federal Reserve Bank of Minneapolis Neel Kashkari said, the probability of policymakers increasing their benchmark lending rate is "quite low, but I don't want to take anything off the table," Bloomberg News reported. "I don't think anybody has totally taken rate increases off the table," Kashkari reportedly said.

West Texas Intermediate crude oil rose 3.2% to $80.24 per barrel.