02:33 PM EDT, 05/07/2024 (MT Newswires) -- US benchmark equity indexes were mixed intraday, as investors assessed the latest batch of corporate earnings.

The S&P 500 was up 0.1% at 5,185.5 after midday Tuesday, while the Nasdaq Composite fell 0.1% to 16,339. The Dow Jones Industrial Average was little changed at 38,865.1. Among sectors, materials and real estate paced the gainers. Consumer discretionary and technology were in the red.

In company news, Walt Disney ( DIS ) raised its full-year earnings growth outlook as the media and entertainment giant's fiscal second-quarter results increased annually, although revenue fell short of market estimates. The company's shares tumbled nearly 10%, the steepest decline on the Dow and the second-worst on the S&P 500.

Builders FirstSource ( BLDR ) saw the biggest drop on the S&P 500, down 18%, after the building product supplier issued a downbeat second-quarter sales outlook amid headwinds in the multi-family market. The company recorded mixed results year over year in the preceding three-month period.

Datadog ( DDOG ) lifted its full-year outlook after recording better-than-expected first-quarter results, while the software maker announced that President Amit Agarwal will step down. The company's shares slumped 10%, the worst performer on the Nasdaq.

FMC (FMC) was the top gainer on the S&P 500, up 12%. The company late Monday posted first-quarter adjusted earnings that topped Wall Street's views.

Arista Networks ( ANET ) , Occidental Petroleum ( OXY ) , Electronic Arts ( EA ) , Rivian Automotive ( RIVN ) , Reddit ( RDDT ) and Lyft ( LYFT ) are among the companies scheduled to report results after Tuesday's closing bell.

The US 10-year yield dropped 4.2 basis points to 4.45% intraday, while the two-year rate was little changed at 4.82%.

On Monday, John Williams, president of the Federal Reserve Bank of New York, reportedly said the central bank's monetary policy is currently in a "very good place," adding that policymakers will eventually cut rates at some point.

Separately, Richmond Fed President Tom Barkin said policymakers likely have time to gain confidence that inflation is moving sustainably toward their 2% goal, as the labor market remains strong.

West Texas Intermediate crude oil rose 0.3% to $78.68 per barrel intraday Tuesday.

Gold was down 0.4% at $2,322 per troy ounce, while silver fell 0.3% to $27.52 per ounce.