12:23 PM EDT, 10/08/2024 (MT Newswires) -- US equity indexes rose after midday on Tuesday as technology bounced back amid a pull-back in crude oil futures.

The Nasdaq Composite jumped 1.1% to 18,128.7, with the S&P 500 up 0.7% to 5,737.8 and the Dow Jones Industrial Average 0.2% higher at 42,030.7. All sectors except energy and materials rose intraday, with technology being the standout gainer.

West Texas Intermediate crude oil futures slumped 4.7% to $73.53 a barrel. Hezbollah supports efforts aimed at achieving a ceasefire in Lebanon, CNN reported, citing the militant group's top official Tuesday, marking the first time the Iran-backed outfit has publicly endorsed a truce and not conditioned it to stop the war in Gaza.

In economic news, Redbook US same-store sales increased by 5.4% from a year earlier in the week ended Oct. 5 after a 5.3% year-over-year increase in the previous week.

The US international trade deficit narrowed to $70.43 billion in August from a $78.92 billion gap in July, compared with the $70.5 billion gap expected in a survey compiled by Bloomberg. Exports rose in the month, while imports fell.

US Treasury yields were mixed intraday. The 10-year yield was unchanged at 4.03%, its highest since the end of July. The two-year rate dropped 4.2 basis points to 3.96%, retreating from its strongest since late August.

In company news, Goldman Sachs raised its price target on Palo Alto Networks ( PANW ) to $425 from $376 while maintaining its buy rating. BNP Paribas Exane initiated the cyber security company at outperform, with a $410 price target. Palo Alto shares traded up 5.2% intraday, the top performer on the S&P 500 and the Nasdaq.