12:23 PM EDT, 06/24/2024 (MT Newswires) -- US equity indexes traded mixed by Monday afternoon as the Nasdaq Composite fell after shares of Nvidia ( NVDA ) extended last week's decline.

The Nasdaq slid 0.3% to 17,645.6, the S&P 500 rose 0.2% to 5,475.7, and the Dow Jones Industrial Average climbed 1.1% to 39,564.4. Apart from technology and consumer discretionary, all the other sectors rose intraday, led by energy, financials and industrials.

Shares of Nvidia ( NVDA ), which are up almost 27% month-to-date, fell 5.1% by Monday afternoon, the worst performer among the mega-caps in the technology sector and the steepest decliner on the Nasdaq. The shares declined even as Ooredoo, a Qatari telecoms group, said Nvidia's ( NVDA ) full-stack artificial intelligence platform will power the AI platform it is developing for the Middle East and North Africa region. The financial details of the deal remained undisclosed.

As Nvidia ( NVDA ) begins to give up gains from its blistering rally this month, investors will look out for quarterly earnings from Micron Technology (MU) due Wednesday. Micron could lift the technology sector's fortunes as the chipmaker's results will shed further light on demand led by artificial intelligence.

Meanwhile, in economic news, the Dallas Fed's monthly manufacturing index rose to minus 15.1 in June from minus 19.4 in May, compared with expectations for minus 15 in a survey compiled by Bloomberg. The reading indicates a slower pace of contraction, in line with the Empire State reading released earlier. It, however, contrasts with the Philadelphia Fed and the S&P Global Flash Indexes that indicated expansion.

The US 10-year yield rose 1.2 basis points to 4.27%, and the two-year rate climbed 1.3 basis points to 4.74%. The US Dollar index fell 0.3% to 105.51.

West Texas Intermediate crude oil rose 0.9% to $81.42 a barrel.

Gold advanced 0.6% to $2,345.21 an ounce, and silver fell 0.4% to $29.84.