02:02 PM EDT, 05/23/2024 (MT Newswires) -- US benchmark equity indexes were mixed intraday, though the technology-heavy Nasdaq Composite got a boost from a post-earnings surge in Nvidia ( NVDA ) shares.

The Dow Jones Industrial Average was down 1% at 39,277.7 after midday Thursday, while the S&P 500 dropped 0.1% to 5,304.5. The Nasdaq rose 0.4% to 16,872.8. Among sectors, real estate and financials saw the steepest declines. Tech was the sole gainer.

In company news, Nvidia ( NVDA ) shares were up nearly 12%, the best performer on the S&P 500 and the Nasdaq. The chipmaker's fiscal first-quarter results surpassed Wall Street's estimates late Wednesday as demand for generative artificial intelligence drove record data-center revenue. The company announced a forward stock split.

Ralph Lauren ( RL ) on Thursday offered a downbeat revenue outlook for the first quarter of its 2025 fiscal year, impacted by foreign-exchange headwinds, while the luxury apparel company appointed a new chief financial officer. Its shares were up 4% intraday, among the top gainers on the S&P 500.

Live Nation Entertainment ( LYV ) saw the steepest decline on the S&P 500, down 7.7%, after the US Department of Justice and 30 state and district attorneys general sued the live entertainment company and its Ticketmaster unit for alleged market monopolization and anticompetitive practices.

Intuit (INTU), Workday (WDAY) and Ross Stores ( ROST ) are among the companies scheduled to report their latest financial results after Thursday's closing bell.

The US 10-year yield rose 4.5 basis points to 4.48% intraday, while the two-year gained 5.7 basis points to 4.94%.

In economic news, new-home sales in the US retreated last month amid elevated mortgage rates, while median prices at the national level eased sequentially, government data showed.

Weekly applications for unemployment insurance in the US declined more than Wall Street's expectations, according to government data that reflected a robust labor market in the world's largest economy.

West Texas Intermediate crude oil fell 1.2% to $76.64 per barrel intraday.

Members of the Federal Reserve's monetary policy committee suggested earlier this month that the disinflation process was expected to take longer than previously forecast, minutes from the committee's April 30-May 1 meeting showed Wednesday.

"According to the minutes, several participants questioned whether the neutral rate has increased, suggesting the current level of policy may be less restrictive than previously thought," Stifel said in a Thursday note. "With inflation and the economy failing to evolve as expected, at least some Fed officials noted concerns around the current terminal rate, potentially questioning whether the committee has done enough to tame price pressures."

Gold was down 2.2% at $2,339.90 per troy ounce, while silver declined 3.5% to $30.41 per ounce.