12:32 PM EST, 01/07/2025 (MT Newswires) -- US equity indexes fell amid declines in heavyweights in communication services and technology sectors as job openings and services data beat analyst estimates.

The S&P 500 fell 0.7% to 5,931.6, the Nasdaq Composite dropped 1.5% to 19,563.4 and the Dow Jones Industrial Average was 0.1% lower at 42,674.4. Communication services and technology led the steepest decliners intraday, while energy topped the gainers.

Nvidia ( NVDA ) and Palantir ( PLTR ) were among the worst performers in the S&P 500 and the Nasdaq, down 5.5% and 6.5%, respectively, intraday. Tesla (TSLA) joined the laggards on the S&P 500, slumping 4.3% intraday after closing at a record high on Monday.

US job openings rose to 8.098 million in November, according to the Bureau of Labor Statistics, above the 7.74 million openings expected in a Bloomberg-compiled survey and up from the 7.839 million reported in October.

The Institute for Supply Management's US services index rose to 54.1 in December from 52.1 in November, compared with expectations for 53.5 in a survey compiled by Bloomberg.

Most US Treasury yields climbed intraday, with the 10-year jumping 6.1 basis points to 4.68%. The two-year yield advanced 1.3 basis points to 4.28%.

Meanwhile, West Texas Intermediate crude oil futures edged up 0.9% to $74.24 a barrel.