01:45 PM EDT, 07/22/2025 (MT Newswires) -- US equity indexes traded mixed after midday as quarterly earnings released on Tuesday failed to inspire investors and relatively weak macroeconomic data helped push government bond yields lower.

The Nasdaq Composite fell 0.4% to 20,892.1, while the S&P 500 rose less than 0.1% to 6,295.8 and the Dow Jones Industrial Average climbed 0.2% to 44,424.5. Healthcare and real estate were among the top gainers, while technology and communication services were the only decliners intraday.

In earnings news, NXP Semiconductors' ( NXPI ) US-listed shares fell 1% after the Dutch chipmaker posted quarterly results late Monday. "We largely hold our estimates unchanged and are somewhat disappointed that orders are not accelerating faster a current levels," CFRA, an independent research provider, said in a note.

General Motors ( GM ) , meanwhile, reported a roughly $1.1 billion hit from tariffs in Q2 as adjusted earnings and sales fell year over year, undermining the automaker's affirmation of its full-year earnings outlook. Shares dropped 6.6% intraday, among the worst performers on the S&P 500.

Philip Morris International's ( PM ) shares slumped 6.8% intraday, also among the laggards in the S&P 500, after the tobacco giant forecast Q3 earnings below Wall Street's estimates and reported Q2 revenue that missed market expectations.

Lockheed Martin ( LMT ) stock dropped 8.5% intraday, the worst performer on the S&P 500, after the company posted a decline in fiscal Q2 earnings and cut its 2025 earnings guidance.

In economic news, the Richmond Fed's monthly manufacturing index deteriorated to minus 20 in July from minus 8 in June, compared with expectations for an improvement to minus 2 in a survey compiled by Bloomberg, signaling a quicker pace of contraction in the sector.

The Philadelphia Federal Reserve Bank's monthly non-manufacturing activity index improved to minus 10.3 in July from minus 25.0 in the previous month, indicating a slower pace of contraction.

Redbook US same-store sales rose 5.1% from a year earlier in the week ended July 19 after a 5.2% increase in the previous week.

Most US Treasury yields declined, with the 10-year yield down 3.4 basis points to 4.34% and the two-year yield 2.3 basis points lower at 3.83%.

West Texas Intermediate crude oil futures declined 1.4% to $66.25 a barrel.

The ICE US Dollar Index declined 0.5% to 97.37, while gold futures jumped 1.2% to $3,445.23 per ounce.

Attempting to dial back concerns regarding the future of Jerome Powell as chair of the Federal Reserve, Treasury Secretary Scott Bessent reportedly made it clear he doesn't think Powell needs to step down immediately. "There's nothing that tells me that he should step down right now," Bessent told Fox Business on Tuesday. "His term ends in May. If he wants to see that through, I think he should. If he wants to leave early, I think he should."

However, on the same day, President Donald Trump said Fed chief kept rates too high and would be out in eight months, which is quite close to when Powell's term will be over contractually.