12:32 PM EDT, 03/22/2024 (MT Newswires) -- US benchmark stock indexes were mixed in midday trading Friday, while government bond yields dropped and the dollar gained.

The S&P 500, which made new highs this week, fell 0.1% to 5,235.3 intraday. The Nasdaq Composite was little changed at 16,412.9, erasing earlier losses. The Dow Jones Industrial Average fell 0.5% to 39,593.2.

Among sectors, real estate led the declines, and communication services paced only a trio of gainers.

The US Treasury two-year yield fell 3.9 basis points to 4.59%, and the 10-year yield slid 5.7 basis points to 4.21%.

The US Dollar index rose 0.4% to 104.4.

In company news, Lululemon Athletica ( LULU ) shares tumbled 17%, the steepest decline on the S&P 500 and the Nasdaq, as at least seven analysts reduced their share-price target after the company's sales and earnings guidance for fiscal Q1 and the full year trailed market expectations.

FedEx's (FDX) fiscal Q3 earnings surpassed expectations as operating income from Express benefited from lower-than-expected incentive compensation accrual and effective capacity utilization by ground and freight networks, UBS said. Shares of the parcel delivery firm rose 7.4%, the biggest gain on the S&P 500.

Nike's ( NKE ) outlook for the first half of 2025 implies no revenue growth for calendar year 2024, which "leaves little to play for in the near term," RBC Capital Markets said. The shares of the sports footwear and apparel group slumped 8.3%, the biggest decline on the Dow.

In economic news, state-level data released by the Bureau of Labor Statistics Friday showed the unemployment rate fell in three states in February, rose in three, and held steady elsewhere. The national unemployment rate was reported at 3.9% in February, up from 3.7% in January.

West Texas Intermediate crude oil fell 0.4% to $80.74 a barrel.