04:53 PM EDT, 05/28/2024 (MT Newswires) -- US benchmark equity indexes closed mixed Tuesday, with Nvidia ( NVDA ) helping the Nasdaq Composite finish above the 17,000 level for the first time.

The technology-heavy Nasdaq rose 0.6% to 17,019.9, extending its record closing run from Friday. The Dow Jones Industrial Average fell 0.6% to 38,852.9, while the S&P 500 was little changed at 5,306. Tech led the gainers among sectors, while industrials and health care saw the steepest declines.

Markets were closed Monday for the Memorial Day holiday.

Nvidia ( NVDA ) shares jumped 7.1%, the top performer on the S&P 500 and the Nasdaq. On Wednesday, the chipmaker posted fiscal first-quarter results that surpassed Wall Street's estimates as demand for generative artificial intelligence drove record data-center revenue.

Vistra ( VST ) was among the best performers on the S&P 500 Tuesday, up 4%, as Morgan Stanley adjusted its price target on the stock to $110 from $86 while maintaining its overweight rating.

Moderna ( MRNA ) shares dropped 8.1%, the steepest decline on the S&P 500 and the Nasdaq.

Major corporations and retailers such as Salesforce ( CRM ) , Costco Wholesale ( COST ) , Marvell Technology ( MRVL ) , Dollar General ( DG ) , Best Buy ( BBY ) , Burlington Stores ( BURL ) , Dick's Sporting Goods (DKS) and Abercrombie & Fitch ( ANF ) are scheduled to report their latest financial results later in the week.

The US 10-year yield rose 7.5 basis points to 4.55% Tuesday, while the two-year rate added 2.8 basis points to 4.98%.

The probability of US monetary policymakers increasing their benchmark lending rate is "quite low, but I don't want to take anything off the table," Bloomberg News reported, citing Neel Kashkari, president of the Federal Reserve Bank of Minneapolis. "I don't think anybody has totally taken rate increases off the table," Kashkari reportedly said.

In a bid to tame inflation, the central bank's Federal Open Market Committee tightened monetary policy by 525 basis points from March 2022 through July 2023. It has kept interest rates unchanged since then, with its latest pause coming earlier this month.

West Texas Intermediate crude oil rose 3.1% to $80.14 per barrel Tuesday. Oil prices grew on hopes of stronger demand as the market looks forward to the upcoming meeting of the Organization of the Petroleum Exporting Countries, Australia and New Zealand Banking Group said in a note. The cartel is now expected to meet online Sunday to review its voluntary output policy reductions, the firm wrote.

In economic news, US consumer confidence unexpectedly rebounded this month as labor market sentiment held strong, the Conference Board said.

US home prices rose in March both sequentially and annually amid growth in the 10- and 20-city composites, S&P Global ( SPGI ) division S&P Dow Jones Indices said.

Separately, the Federal Housing Finance Agency said US home prices ticked up 0.1% on a seasonally adjusted basis in March, following the previous month's 1.2% gain. The consensus was for a 0.5% rise in a survey compiled by Bloomberg.

Texas' manufacturing contraction unexpectedly worsened this month as production and shipments fell into negative territory and outlooks softened, according to the Dallas Fed.

Gold increased 1.1% to $2,359.30 per troy ounce, while silver soared 5.6% to $32.22 per ounce.