12:43 PM EDT, 07/22/2025 (MT Newswires) -- US equity indexes traded mixed in Midday trading on Tuesday as quarterly earnings failed to inspire investors amid the release of relatively weak macroeconomic data.

The Nasdaq Composite fell 0.6% to 20,854.5, and the S&P 500 declined 0.2% to 6,295.8. The Dow Jones Industrial Average, however, rose 0.1% to 44,361.4. Healthcare and real estate were among the top gainers intraday, while technology and communication services led the decliners.

In earnings news, General Motors ( GM ) reported a roughly $1.1 billion hit from tariffs in Q2 as adjusted earnings and sales fell year over year, undermining the automaker's affirmation of its full-year earnings outlook. Shares dropped 6.2% intraday, among the worst performers on the S&P 500.

Philip Morris International ( PM ) forecast Q3 earnings below Wall Street's estimates while reporting Q2 revenue lagged the market's expectations. Shares slumped 7.5% intraday, among the laggards in the S&P 500.

In economic news, the Richmond Fed's monthly manufacturing index deteriorated to minus 20 in July from minus 8 in June, compared with expectations for an improvement to minus 2 in a survey compiled by Bloomberg, signaling a quicker pace of contraction in the sector.

The Philadelphia Federal Reserve Bank's monthly non-manufacturing activity index improved to minus 10.3 in July from minus 25.0 in the previous month, indicating a slower pace of contraction.

Redbook US same-store sales climbed 5.1% from a year earlier in the week ended July 19 after a 5.2% jump in the previous week.

Most US Treasury yields declined, with the 10-year yield down 3.6 basis points to 4.33% and the two-year yield 2.3 basis points lower at 3.83%.

West Texas Intermediate crude oil futures declined 1.8% to $65.99 a barrel.

The ICE US Dollar Index declined 0.5% to 97.35.