12:31 PM EDT, 08/30/2024 (MT Newswires) -- US equity indexes were mixed in midday trading Friday as investors weighed the Federal Reserve's preferred inflation data for July.

The S&P 500 climbed 0.1% to 5,598.9 and the Nasdaq Composite was up 0.2% to 17,554.5. The Dow Jones Industrial Average slipped 0.2% to 41,248.3 after trading up earlier in the session.

Most Treasury yields rose, with the 10-year up 4 basis points to 3.90% and the two-year yield 1.5 basis points higher at 3.91%.

In economic news, the personal consumption expenditures price index increased as expected by 0.2% in July, following a 0.1% gain in June. The year-over-year rate was unchanged from the 2.5% increase in the previous month. The core PCE price index increased 0.2% for the second month in a row, matching forecasts. The year-over-year rate remained at 2.6% for the third back-to-back month.

The Institute for Supply Management's Chicago PMI reading rose to 46.1 in August from 45.3 in July, compared with the expected 44.8 print in a survey compiled by Bloomberg. The reading indicates contraction, as did all the regional manufacturing data and the S&P Global flash estimate.

The University of Michigan consumer sentiment index was revised upwards to 67.9 for August from 67.8 in the preliminary estimate, compared with expectations for 68.1 in a survey compiled by Bloomberg.

In company news, Intel ( INTC ) is working with Morgan Stanley ( MS ) and Goldman Sachs Group ( GS ) to navigate the best way forward as the California-based technology company faces challenging times, Bloomberg News reported Friday, citing people familiar with the matter. Intel ( INTC ) shares increased 8.4%, among the top gainers in the S&P 500, the Nasdaq, and the Dow.

MongoDB's ( MDB ) fiscal Q2 results demonstrated "some stabilization" in its operations after a "shaky" start to 2024 as the management highlighted this as an operational rebound, Truist Securities said in a Friday note. Shares jumped 17% intraday, the top performer on the Nasdaq.

West Texas Intermediate crude oil slumped 2.7% to $73.86 a barrel.