01:39 PM EDT, 07/30/2025 (MT Newswires) -- US equity indexes were mixed while most government bond yields rose after midday on Wednesday as the economy grew more than forecast in Q2 and job additions in July outpaced market consensus ahead of the Federal Reserve's July policy announcement.

The Nasdaq Composite rose 0.4% to 21,185.2, after hitting a new all-time high of 21,303.96 on Tuesday. The S&P 500 climbed 0.2% to 6,384.2, after making a fresh intraday record high of 6,409.26 in the previous trading session. The Dow Jones Industrial Average was little changed at 44,640.8, still trading close to its record high of 45,073.63.

Energy and materials led the decliners intraday, while the utilities sector was the top gainer.

Mag-7 stalwarts Microsoft ( MSFT ) and Meta Platforms ( META ) will report quarterly earnings after the bell on Wednesday, the same day when the Federal Open Market Committee will close its two-day meeting and release a policy statement.

While the markets are certain that the Fed will leave interest rates unchanged in July, the probability of a cut in September is 60%, according to the CME Group's Fedwatch Tool. In the policy statement, investors will look for a change that will increase the likelihood of easing restarting next month.

In economic news, gross domestic product rose 3% in the advance estimate for Q2, above the 2.6% increase expected in a survey compiled by Bloomberg, and followed a 0.5% decline in Q1, the Bureau of Economic Analysis said Wednesday.

Private employment rose by 104,000 jobs in July, ADP's data showed. The consensus was for an increase of 76,000 in a Bloomberg compilation. Job losses stood at 23,000 in June, revised lower from ADP's initial estimate for a 33,000 decline.

Most US Treasury yields rose, with the 10-year yield up 3.2 basis points to 4.36% and the two-year rate 2.9 basis points higher at 3.90%.

The ICE US Dollar Index climbed 0.6% to 99.44.

Gold futures fell 0.9% to $3,352.11 per ounce.

West Texas Intermediate crude oil futures jumped 1.6% to $70.28 a barrel.

In company news, Teradyne's ( TER ) Q2 non-GAAP earnings and revenue late Tuesday fell less than forecast. Shares climbed 20% intraday, the top gainer on the S&P 500.

The second-worst performer on the index was IDEX ( IEX ) , with shares down 8.2% intraday, after the company lowered its fiscal 2025 guidance for adjusted earnings per share, missing consensus.

Old Dominion Freight Line's ( ODFL ) net income and revenue fell more than forecast in Q2. Shares slumped 8.6% intraday, the steepest decline on the Nasdaq and the S&P 500.