01:51 PM EDT, 08/11/2025 (MT Newswires) -- US equity indexes traded mixed at midday Monday after posting gains last week, as investors weighed geopolitical risks ahead of July's inflation data.

The Nasdaq Composite was up less than 0.1% to 21,453.3, while the S&P 500 eased 0.1% to 6,382.8, and the Dow Jones Industrial Average fell 0.5% to 43,978.9. All three indices rose last week. Consumer discretionary led the gainers intraday while energy and materials were among the steepest decliners.

The ICE US Dollar index rose 0.4% to 98.61.

The dollar strengthened ahead of scheduled talks between Presidents Vladimir Putin and Donald Trump. The meeting will take place on Friday in Alaska without Ukraine and European representation. The White House may invite Ukrainian President Volodymyr Zelenskyy to Alaska, NBC reported Saturday, citing a senior US official and three informed sources.

Trump on Friday said a deal would involve "some swapping of territories," with reports suggesting that it would see Ukraine ceding to Russia the parts of Donbas that it still controls, according to a note from Deutsche Bank on Monday. Zelenskyy was quick to reject the idea, and European leaders have called for any peace talks with Russia to include Kyiv.

"We remain committed to the principle that international borders must not be changed by force," a joint statement from the UK, France, Germany, Italy, and the European Union stated Saturday. European leaders are seeking to speak with Trump before he meets with Putin, as per the Deutsche Bank note.

Gold futures slumped 2.5% to $3,403.1 per ounce.

Consumer price index, due Tuesday, is estimated to grow 2.8% year-over-year in July from 2.7% in the previous month. The headline rate is forecast to rise 0.2% month-over-month, compared with 0.3% in June. The Core CPI prints will likely gain sequentially and year-over-year.

The odds of a 25-basis-point cut in interest rates in September stood at 86% as of Monday, versus 57% a month ago, according to the CME FedWatch Tool.

"The combination of a [recent] softer payroll number with concerns of tariff-related inflation could be the recipe for a correction, especially in the seasonally weak third quarter," Morgan Stanley said as quoted by The Star in a report Monday.

Without a confirmation of the Stockholm deal, the US and China will once again place record-high tariffs on each other's imports starting Tuesday. China is seeking concessions on US export controls for AI chips as part of a trade deal, potentially ahead of a summit between Trump and President Xi Jinping, according to a report from Trading Economics.

US Treasury yields were mixed, with the 10-year yield down 1.4 basis points to 4.27%. The two-year rate was steady at 3.76%.

West Texas Intermediate crude oil futures added 0.1% to $63.97 a barrel.

In company news, Intel ( INTC ) CEO Lip-Bu Tan will visit the White House after President Trump called for his resignation last week, The Wall Street Journal reported Sunday, citing people familiar with the matter. Tan is expected to discuss his background with Trump and outline potential areas of cooperation between Intel ( INTC ) and the government, according to the report.

MeridianLink ( MLNK ) agreed to be acquired and taken private by funds advised by affiliates of investment firm Centerbridge Partners for about $2 billion in an all-cash deal.