01:49 PM EDT, 08/07/2024 (MT Newswires) -- US benchmark equity indexes were higher intraday as markets evaluated the latest batch of corporate earnings.

The S&P 500 was up 0.3% at 5,257.5 after midday Wednesday, while the Dow Jones Industrial Average and the Nasdaq Composite rose 0.2% each to 37,074.6 and 16,415.2, respectively. Among sectors, energy paced the gainers, while health care saw the steepest decline.

In company news, Fortinet ( FTNT ) shares were up nearly 27%, the best performer on the S&P 500 and the Nasdaq. The company late Tuesday raised its 2024 financial outlook following a second-quarter beat.

Axon Enterprise ( AXON ) was the second-top gainer on the S&P 500, up 19%. The company late Tuesday increased its full-year revenue guidance after posting second-quarter results that topped Wall Street's views.

Super Micro Computer ( SMCI ) shares slumped 18% intraday, the worst performer on the S&P 500 and the Nasdaq. The company late Tuesday logged fiscal fourth-quarter earnings that missed the Street's estimates, while its board approved a 10-for-1 forward stock split.

Airbnb ( ABNB ) was the second-worst performer on both the S&P 500 and the Nasdaq, down 15%. The vacation rental company late Tuesday reported second-quarter earnings that declined more than expected as its cost base ballooned.

McKesson (MCK), Monster Beverage ( MNST ) and Warner Bros. Discovery ( WBD ) are among the companies scheduled to report results after Wednesday's closing bell.

The US 10-year yield rose 6.7 basis points to 3.95% intraday, while the two-year rate added 3.7 basis points to 4.02%.

In economic news, mortgage application volume in the US rebounded to its highest level since January after two consecutive weeks of declines, boosted by higher refinance activity and lower rates across all loan types, the Mortgage Bankers Association said.

West Texas Intermediate crude oil rose 2.5% to $75.17 a barrel intraday.

Gold was up 0.1% at $2,434.10 per troy ounce, while silver decreased 1% to $26.95 per ounce.