12:12 PM EDT, 04/22/2024 (MT Newswires) -- US equity indexes rose, but were off session highs, and gold declined at midday on Monday.

The S&P 500 climbed 0.4% to 4,986.3, with the Nasdaq Composite up 0.4% to 15,346.4 and the Dow Jones Industrial Average 0.3% higher at 38,084.6. Financials and technology led the gainers intraday. Materials was the only decliner.

Gold slumped 2.5% to $2,354.5 per ounce, and silver sank 4.9% to $27.43.

In economic news Monday, the Chicago Federal Reserve's monthly National Activity Index rose to 0.15 in March from an upwardly revised 0.09 in February, compared with expectations for a decrease to 0.07 in a survey compiled by Bloomberg.

The US 10-year Treasury yield stood unchanged at 4.63%, while the two-year slipped 1.5 basis points to 4.95%. The yields were off highs hit earlier on Monday, with the two-year touching 5.01%.

West Texas Intermediate crude oil rose 0.2% to $83.28 a barrel, recovering from its intraday declines.

In company news, Cardinal Health ( CAH ) said Monday that it will not renew its pharmaceutical distribution contracts with OptumRx, which will expire at the end of June. Shares of Cardinal slumped 5%.

Tesla's (TSLA) shares dropped nearly 4% intraday, among the worst performers in the Nasdaq and the S&P 500, after the electric vehicle manufacturer cut prices of Model 3, Model Y, Model X, and Model S in China, according to media reports citing the EV maker's website. In Germany too, the company reportedly cut prices.