04:52 PM EDT, 04/28/2025 (MT Newswires) -- US benchmark equity indexes closed mixed Monday as investors eyed a raft of major earnings reports and key economic data due later this week.

The Dow Jones Industrial Average gained 0.3% to 40,227.6, while the S&P 500 added 0.1% to 5,528.8. Both were up for the fifth day in a row. The Nasdaq Composite edged down 0.1% at 17,366.1.

Most sectors advanced, led by utilities and real estate, while technology slipped.

Mega-cap tech companies Apple ( AAPL ) , Microsoft ( MSFT ) , Meta Platforms ( META ) , and Amazon.com ( AMZN ) are scheduled to report their latest financial results later in the week. Other major names that are due to release financials are McDonald's (MCD), Visa (V), Coca-Cola (KO), Pfizer ( PFE ) , and Eli Lilly ( LLY ) .

S&P 500 companies' latest quarterly earnings have so far exceeded market expectations, with bottom-line results surging nearly 18% from a year earlier, Oppenheimer Asset Management said Monday. Ahead of the reporting season, Bloomberg's bottom-up estimates put analysts' projected earnings growth at 6.8%.

Microsoft ( MSFT ) is expected to report better-than-expected fiscal third-quarter results on Wednesday, though its outlook for the ongoing quarter is likely to factor in growing economic uncertainty, Truist Securities said. The stock fell 0.2% on Monday.

Nvidia ( NVDA ) shares declined 2.1%, the steepest decline on the Dow and among the worst performers on the S&P 500. China's Huawei Technologies is preparing to test its latest artificial intelligence processor that it hopes could replace certain higher-end products of US chipmaking giant, The Wall Street Journal reported Sunday, citing unnamed sources.

US Treasury yields were lower, with the two-year rate falling 7.5 basis points to 3.69% and the 10-year rate decreasing 6 basis points to 4.21%.

This week's key macro reports include an initial reading of US first-quarter economic growth, the personal income and outlays report for March and the official jobs report for April.

The Texas manufacturing sector's contraction worsened this month to its lowest level since May 2020, while uncertainty grew amid potential tariffs impact, data from the Federal Reserve Bank of Dallas showed Monday.

"Texas manufacturing production continued to grow in April, though the future is more uncertain as demand fell and outlooks worsened," Emily Kerr, senior business economist at the Dallas Fed, said. "Many contacts noted turmoil from trade policy."

China on Monday reiterated that there were no trade talks being held between Washington and Beijing, CNBC reported. US Treasury Secretary Scott Bessent previously said "it's up to China to de-escalate" trade tensions, CNBC reported.

Earlier this month, US President Donald Trump announced sweeping new tariffs on imports before declaring a 90-day pause on certain duties for non-retaliating countries. However, the US and China have been in a deadlock over tariffs.

West Texas Intermediate crude oil was down 1.8% at $61.88 a barrel.

"Saudi Arabia may slightly increase its crude prices for Asian buyers in June for the first time in three months," D.A. Davidson said in a client note.

Gold was up 1.9% at $3,361.10 per troy ounce, while silver gained 0.2% to $33.09 per ounce.