12:26 PM EDT, 07/02/2025 (MT Newswires) -- US equity indexes and government bond yields traded mixed after midday on Wednesday as investors weighed the labor market data.

The Nasdaq rose 0.9% to 20,375.9 after hitting an all-time high of 20,418.31 on Monday. The S&P 500 climbed 0.3% to 6,215.5, trading beneath its new peak of 6,217.48 scaled before midday on Wednesday. The Dow Jones Industrial Average was 0.1% lower at 44,449.9, close to its record of 45,073.63.

Consumer discretionary, technology, and materials led the gainers intraday. Utilities and healthcare were among the decliners.

In economic news on Wednesday, Automatic Data Processing's monthly measure of private payrolls showed a 33,000 decrease in June, compared with expectations compiled by Bloomberg for an increase of 98,000 jobs. The June decline followed a downwardly revised 29,000 increase, from the previously reported 37,000 increase, in jobs in May.

Outplacement firm Challenger, Gray & Christmas said US companies planned to cut 47,999 jobs in June, below 93,816 in May and down from 48,786 a year earlier.

Treasury yields traded mixed, with the 10-year up 5.1 basis points to 4.3% while the two-year was up 1.2 basis points at 3.79%.

In company news, Tesla (TSLA) said it delivered 384,122 vehicles in Q2, down 13.5% from the year-ago period. The electric-vehicle maker said it produced 410,244 automobiles in Q2, down 0.1% from a year earlier. Still, Tesla's shares jumped 4.3% intraday, the top gainer on the Nasdaq.

In energy markets, West Texas Intermediate crude oil futures rose 1.6% to $66.50 a barrel.