12:52 PM EDT, 10/25/2024 (MT Newswires) -- US equity indexes rose after midday on Friday amid consolidation in government bond yields and stronger-than-expected macroeconomic data ahead of big technology earnings next week.

The S&P 500 rose 0.5% to 5,837.1, with the Dow Jones Industrial Average down 0.2% to 42,292.5 and the Nasdaq Composite 1.1% higher at 18,625.1. Technology, communication services, and consumer discretionary led the gainers intraday. The financial sector was the steepest decliner.

Apple ( AAPL ) , Microsoft ( MSFT ) , Alphabet (GOOG, GOOGL), Amazon.com ( AMZN ) , and Meta Platforms ( META ) will be reporting their quarterly results next week.

In economic news, the University of Michigan consumer sentiment index was revised upward to 70.5 for October from the 68.9 preliminary estimate and compared with expectations for 69.1 in a survey compiled by Bloomberg. The index is above the final 70.1 reading in September and is the highest since April 2024.

New orders for US durable goods fell 0.8% in September, in line with the previous month but versus a 1% decrease anticipated in a survey compiled by Bloomberg. Excluding a 3.1% drop in transportation orders, new orders would have been up 0.4% in September after a 0.6% gain in August. Expectations were for a 0.1% drop.

"Core orders, which are a clearer indication of future capital spending by companies, rose at a solid pace, defying our expectations for a moderate decline," Bernard Yaros, lead US economist at Oxford Economics, said in a note.

Most US Treasury yields were little changed intraday, with the 10-year yield up less than one basis point to 4.21%. The two-year rate slipped less than one basis point to 4.06%.

Gold rose 0.2% to $2,753.21 an ounce, bringing the yellow metal's year-to-date gain to 27%. Silver jumped 1% to $34.13, trading up 37% since the beginning of this year.

In company news, Tapestry (TPR) said it plans to appeal a US federal court decision granting the Federal Trade Commission's request to block the acquisition of Capri Holdings (CPRI). Shares of Tapestry were up 14% intraday, the top gainer on the S&P 500.

The worst performer on the index was Mohawk Industries ( MHK ) , down 11% intraday after reporting overnight adjusted earnings guidance for Q4 that missed the average analyst estimate compiled by Capital IQ.

West Texas Intermediate crude oil rose 1.1% to $70.93 a barrel.

Price: 232.76, Change: +2.19, Percent Change: +0.95