01:48 PM EDT, 06/24/2024 (MT Newswires) -- US benchmark equity indexes were mixed after midday Monday as traders awaited several key corporate earnings scheduled to be released later in the week.
The Dow Jones Industrial Average was up 0.7% at 39,408.6, while the Nasdaq Composite fell 0.7% to 17,561.9. The S&P 500 was little changed at 5,462.1. Among sectors, energy paced the gainers intraday, followed by financials. Only technology and consumer discretionary were in the red.
Micron Technology ( MU ) , Nike ( NKE ) , FedEx ( FDX ) , Carnival (CCL, CUK), Walgreens Boots Alliance ( WBA ) and Levi Strauss (LEVI) are among the major names scheduled to report their latest quarterly financial results later this week.
International Business Machines' ( IBM ) shares were up 2.1% intraday, among the top gainers on the Dow, as Goldman Sachs resumed the stock at a buy rating, with a $200 price target.
Nvidia ( NVDA ) shares fell 5.7%, the steepest decline on the Nasdaq and among the worst on the S&P 500.
Apple's ( AAPL ) steering rules in its App Store marketplace are in breach of the European Commission's new digital competition law, the regulator said while also opening a second probe into contract terms for developers. The iPhone maker's shares were up 1.1% intraday.
The US two-year yield rose one basis point to 4.74%, while the 10-year rate was little changed at 4.26%.
In economic news, Texas' manufacturing contraction improved slightly less than expected in June, while the six-month outlook rose "notably," according to the Federal Reserve Bank of Dallas.
West Texas Intermediate crude oil rose 1.1% to $81.62 per barrel.
Gold was up 0.6% at $2,344.10 per ounce, while silver fell 0.3% to $29.52 per ounce.