04:36 PM EDT, 05/28/2024 (MT Newswires) -- US benchmark equity indexes closed mixed Tuesday with Nvidia ( NVDA ) helping the Nasdaq Composite finish above 17,000 for the first time.

The technology-heavy Nasdaq rose 0.6% to 17,019.9, closing at a record for the second straight session. The Dow Jones Industrial Average fell 0.6% to 38,852.9, and the S&P 500 was little changed at 5,306. Tech led the gainers among sectors, while industrials and health care posted the steepest declines.

Markets were closed Monday for the Memorial Day holiday.

Nvidia ( NVDA ) shares jumped 7,1%, the biggest gain on the S&P and Nasdaq. On Wednesday, the chipmaker posted fiscal Q1 results that surpassed Wall Street's estimates as demand for generative artificial intelligence drove record data-center revenue.

Vistra ( VST ) shares rose 4%, among the biggest gains on the S&P, 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 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 financial results later in the week.

The US 10-year yield rose 6.7 basis points to 4.54% Tuesday, while the two-year rate added 2.1 basis points to 4.97%.

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," said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, according to Bloomberg. "I don't think anybody has totally taken rate increases off the table."

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 the latest pause coming earlier this month.

West Texas Intermediate crude oil rose 3.2% to $80.17 per barrel Tuesday on speculation that demand may increase. The Organization of the Petroleum Exporting Countries is scheduled to meet online Sunday to review voluntary output reductions of about 2 million barrels a day.

In economic news, US consumer confidence unexpectedly rebounded this month as labor market sentiment held strong, though people remained cautious about inflation, 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 an ounce.