03:55 PM EST, 11/07/2025 (MT Newswires) -- US benchmark equity indexes declined but were off session lows ahead of Friday's close.

The Nasdaq Composite was down 0.5% to 22,931.1, with the S&P 500 lower by 0.1% to 6,711.4 and the Dow Jones Industrial Average little changed at 46,903.7. Earlier in the session, Nasdaq was down more than 1.5% and the S&P 500 by more than 1%.

Technology and communication services led the decliners in the final leg of trading, while energy and materials led the gainers.

The University of Michigan's preliminary consumer sentiment index fell to 50.3 in November from 53.6 in October, below the 53.0 forecast in a survey compiled by Bloomberg. The Michigan poll pegged one-year inflation expectations at 4.7%, up from 4.6% in October, while their five-year outlook eased to 3.6% from 3.9%.

US Treasury yields were mixed, with the two-year yield down by 1.1 basis points to 3.56%.

The White House has reportedly decided to block Nvidia (NVDA) from selling its newest scaled-back artificial intelligence chips to China, according to media reports. Nvidia is not in "active discussions" to sell Blackwell AI chips to China and has no plans to ship to them, Reuters reported Friday, citing remarks from CEO Jensen Huang. Shares of Nvidia retreated 2.1% intraday, the Dow's steepest decliner.