12:15 PM EST, 11/03/2025 (MT Newswires) -- US equity indexes traded mixed, with consumer discretionary and technology emerging as the sole gainers in midday trading on Monday.
The Nasdaq Composite rose 0.5% to 23,842.9. The S&P 500 climbed 0.2% to 6,850.5. The Dow Jones Industrial Average, however, fell 0.4% to 47,380.3. All sectors except consumer discretionary and technology fell intraday. Materials and consumer staples led the decliners.
Amazon.com's ( AMZN ) web services division has reached an agreement worth $38 billion through which OpenAI can access Nvidia's ( NVDA ) graphics processing units. The online retailer's shares jumped 4.9% intraday, among the top gainers on the S&P 500, the Nasdaq, and the Dow.
The Institute for Supply Management's US manufacturing index slid to 48.7 in October from 49.1 in September, compared with expectations for an increase to 49.5 in a survey compiled by Bloomberg.
The S&P Global US manufacturing index for October was revised upward to 52.5 from a flash reading of 52.2, compared with forecasts for no revision in a Bloomberg-compiled poll. The October index stands above the 52.0 print in September, indicating widening expansion.
US Treasury yields rose, with the 10-year yield up 1.7 basis points to 4.12%.