03:52 PM EDT, 06/03/2024 (MT Newswires) -- US benchmark equity indexes were struggling for direction ahead of Monday's close, as investors evaluated two reports about the health of the manufacturing sector.

The Dow Jones Industrial Average was down 0.5% at 38,485.2, while the S&P 500 fell 0.2% to 5,267.5. The Nasdaq Composite rose 0.3% to 16,778.2. Among sectors, energy and industrials posted the steepest declines, while technology paced the gainers.

The Institute for Supply Management's US manufacturing index fell to 48.7 last month from 49.2 in April, indicating faster contraction, compared with expectations for 49.6 in a survey compiled by Bloomberg.

Separately, S&P Global said its US manufacturing purchasing managers' index increased to 51.3 in May from 50 in April, as new orders returned to growth.

The US 10-year yield fell 10.6 basis points to 4.41%, while the two-year rate dropped 7.2 basis points to 4.82%.

GitLab ( GTLB ) and HealthEquity ( HQY ) are among the companies scheduled to report their latest financial results after the closing bell.

West Texas Intermediate crude oil sank 3.8% to $74.06 per barrel.