01:55 PM EDT, 05/07/2024 (MT Newswires) -- US equity indexes rose with crude oil while most government bond yields fell in midday trading on Tuesday.

The S&P 500 rose 0.3% to 5,195.1, with the Nasdaq Composite up 0.2% to 16,376.3 and the Dow Jones Industrial Average 0.2% higher at 38,915.2.

Except for consumer discretionary and technology, all the other sectors rose intraday. Real estate, materials, and consumer staples were among the top gainers.

The US 10-year Treasury yield dropped 4.6 basis points to 4.44% while the two-year slid less than one basis point to 4.82%.

The "skies are reasonably bright" in markets at the moment with the S&P 500 extending its 3-day gain to 3.2% at the close on Monday, the biggest since November, Jim Reid, the head of global fundamental credit strategy at Deutsche Bank, said in a note Tuesday. For 10-year yields, the 4-day decline of 19.3 basis points is the largest since the start of February.

In economic news, Redbook US same-store sales jumped 6% from a year earlier in the week ended May 4 after a 5.5% year-over-year increase in the previous week.

In company news, Builders FirstSource ( BLDR ) reported a decline in adjusted earnings in Q1. Shares sank 19.3%, the worst performer on the S&P 500.

Walt Disney ( DIS ) slumped 9.6% intraday, among the worst performers on the S&P 500 and the Dow, after the entertainment giant said it expects "softer" results from its direct-to-consumer business, which includes streaming, in Q3.

West Texas Intermediate crude oil rose 0.6% to $78.93 a barrel.

Gold slipped 0.2% to $2,325.50 an ounce, and silver fell 0.1% to $27.59.