02:13 PM EDT, 05/13/2025 (MT Newswires) -- US benchmark equity indexes were mixed intraday as traders weighed latest economic data, including a report showing that consumer prices rebounded in April.
The Nasdaq Composite was up 1.7% at 19,028.9 after midday Tuesday, while the S&P 500 rose 0.9% to 5,898.3. The Dow Jones Industrial Average fell 0.4% to 42,254.7. Among sectors, technology paced the gainers, while health care saw the biggest drop.
In economic news, US consumer prices rebounded last month, but missed Wall Street's estimates, while annual inflation eased to the lowest level since February 2021, the Bureau of Labor Statistics said.
"There isn't a lot of evidence of tariffs boosting the (consumer price index) in April, but this shouldn't be surprising as it takes time," Oxford Economics said. "The areas where tariffs likely boosted prices in April were in furniture/bedding, appliances, and to a lesser extent toys."
The US and China recently reached an agreement on a 90-day suspension of reciprocal duties. The two countries had been in a trade war since President Donald Trump's announcement of sweeping new tariffs early last month.
The official US producer prices report for April is scheduled to be released Thursday.
Small business optimism in the US fell by 1.6 points sequentially to 95.8 last month, a survey by the National Federation of Independent Business showed. The consensus was for a 95 reading in a survey compiled by Bloomberg.
Uncertainty continued "to be a major impediment for small business owners in operating their business in April, affecting everything from hiring plans to investment decisions," NFIB Chief Economist Bill Dunkelberg said.
US Treasury yields were up intraday, with the 10-year rate rising four basis points to 4.5% and the two-year rate increasing 2.3 basis points to 4.03%.
In company news, Nvidia ( NVDA ) shares were up 6.4%, the top gainer on the Dow and among the best on the S&P 500 and the Nasdaq. The chipmaking giant formed a partnership with Humain, a new subsidiary of Saudi Arabia's Public Investment Fund, to build artificial intelligence factories in the country over a five-year period.
First Solar ( FSLR ) shares surged 21%, the top performer on the S&P 500, as Wolfe Research upgraded the stock to outperform from peer perform.
UnitedHealth Group ( UNH ) suspended its full-year outlook amid higher-than-expected medical costs, while the health insurance giant said that Andrew Witty stepped down as chief executive due to "personal reasons." The company's shares slumped 16%, the worst performer on the Dow and the S&P 500.
West Texas Intermediate crude oil was up 3% at $63.78 a barrel intraday.
Gold rose 0.7% to $3,249 per troy ounce, while silver added 1.3% to $33.05 per ounce.