12:34 PM EST, 11/18/2024 (MT Newswires) -- US equity indexes were mixed in midday trading Monday amid gains in Tesla (TSLA), while higher government bond yields undermined risk sentiment.

The S&P 500 rose 0.4% to 5,896.1, and Nasdaq Composite climbed 0.7% to 18,809.2. The Nasdaq Composite slipped less than 0.1% to 43,434.6. Consumer discretionary, utilities, and communication services led the gainers, with all sectors but one, healthcare, in the green intraday.

Bloomberg reported Monday, citing people familiar with the matter, that President-elect Donald Trump's transition team members have informed advisers that they plan to make a federal framework for fully self-driving vehicles one of the Department of Transportation's priorities. Shares of Tesla jumped 7.9% intraday, among the top performers in the S&P 500.

Most US Treasury yields rose intraday, with the 10-year up 1.9 basis points to 4.45%, the highest intraday level since early July.

In economic news, the National Association of Home Builders' monthly housing market index rose to 46 in November from 43 in October, compared with expectations for no change in a Bloomberg survey. The index was above 34 a year earlier.

The New York Federal Reserve's services index improved to minus 0.5 in November from minus 2.2 in October. The index is the first services sector reading for November and suggests a slower pace of contraction.

West Texas Intermediate crude oil slumped 2.7% to $68.85 a barrel.