01:37 PM EST, 01/24/2025 (MT Newswires) -- US equity indexes fell in choppy midday trading Friday following a downward revision to a consumer sentiment gauge, while a measure of manufacturing conditions signaled expansion.

The Nasdaq Composite fell 0.4% to 19,970.5, the S&P 500 declined 0.2% to 6,105.1, and the Dow Jones Industrial Average slid 0.2% to 44,468.2. The S&P 500 touched a fresh intraday record high of 6,128.18 earlier in the session. The Nasdaq and the Dow are trading close to their all-time peaks. All three indexes are heading for a weekly gain.

Energy and technology led the decliners intraday, while communication services, utilities, and real estate were among the top gainers.

In economic news, the University of Michigan consumer sentiment index was revised downwards on Friday to 71.1 for January from 73.2 in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg. That was below the final reading of 74.0 in December.

Despite reporting stronger incomes this month, "concerns about unemployment rose; about 47% of consumers expect unemployment to rise in the year ahead, the highest since the pandemic recession," Michigan said. "January's data closed on Inauguration Day, and consumers of all political leanings will continue to refine their views as Trump's policies are clarified and implemented."

The January flash reading of manufacturing conditions from S&P Global rose to 50.1, a seven-month high, from 49.4 in December, compared with 49.8 expected in a survey compiled by Bloomberg. A reading above 50 reflects expansion.

Meanwhile, the Kansas City Federal Reserve's monthly composite services index fell to minus 4 in January from 4 in December. A reading above zero indicates growth. Below zero, it signals contraction.

Most US Treasury yields fell, with the benchmark 10-year retreating 1.2 basis points to 4.63%. The two-year rate dropped 2.2 basis points to 4.26%.

In company news, NextEra Energy's (NEE) shares jumped 4.3% intraday, the top performer on the S&P 500, after the company reported Q4 adjusted earnings of $0.53 per share, up from $0.52 a year earlier and in line with estimates.

The worst performer on the S&P 500 and the Nasdaq was Texas Instruments ( TXN ) , whose shares slumped 7% intraday after the company reported Q4 earnings and revenue that fell from a year ago.

West Texas Intermediate crude oil futures slipped 0.2% to $74.42 a barrel.

"Crude oil prices are heading for their first weekly decline in five following a week that saw profit taking from funds amid the risk of a global trade war lowering growth and demand," Saxo Bank said in a note. "Donald Trump has called for US producers to increase production while requesting OPEC to lower oil prices."

Gold futures rose 0.6% to $2,781.22 an ounce, and their silver counterpart jumped 1.1% to $31.19 per ounce.