12:39 PM EDT, 05/22/2024 (MT Newswires) -- US benchmark stock indexes and government bond yields traded mixed ahead of monetary policy minutes and Nvidia's ( NVDA ) quarterly earnings.

The Dow Jones Industrial Average fell 0.1% to 39,828.9 after midday on Wednesday. The S&P 500 was down less than 0.1% to 5,319.6. The Nasdaq Composite rose less than 0.1% to 16,837.1. Technology was among the trio of gainers intraday, while energy and materials paced the decliners.

The Federal Reserve will post minutes of its May policy session at 2 pm ET, which investors will parse for clues on rate moves by the central bank. Nvidia's ( NVDA ) earnings are due after the bell on Wednesday.

The US 10-year Treasury yield rose less than one basis point to 4.42%, and the two-year rate jumped 3.2 basis points to 4.87%. Yield on the 30-year slipped less than one basis point to 4.55%.

In economic news, the pace of US existing home sales fell 1.9% to a 4.14 million seasonally adjusted annual rate in April from 4.22 million in March, compared with expectations for an increase to 4.23 million in a survey compiled by Bloomberg, data from the National Association of Realtors released Wednesday showed. Total sales slid 1.9% from a year earlier.

In company news, Enphase Energy ( ENPH ) said Tuesday it launched its IQ8 solar microinverters in Finland. The company said the inverters support higher-powered modules and include a 25-year warranty. Shares of the company surged 11.5% intraday, among the top performers on the S&P 500.

Target's ( TGT ) fiscal first-quarter earnings unexpectedly declined, while the retailer issued downbeat bottom-line guidance at the midpoint for the ongoing three-month period. Shares slumped 7.4% intraday, the steepest decliner on the S&P 500.

West Texas Intermediate crude oil fell 0.8% to $78.00 a barrel.