01:51 PM EST, 02/28/2025 (MT Newswires) -- US equity indexes slightly rose after giving up intraday gains following President Donald Trump's Oval Office meeting with Ukraine's President Volodymyr Zelenskyy that reportedly ended with a tense exchange.

The Nasdaq Composite rose 0.1% to 18,563.8, with the S&P 500 up 0.1% to 5,868.5 and the Dow Jones Industrial Average 0.1% higher at 43,291.2 after midday on Friday. All three indexes traded higher earlier in the session after the Bureau of Economic Analysis data showed the Federal Reserve's preferred inflation measure matched market expectations.

Technology and healthcare led the decliners after midday, a turnaround from earlier in the day when all sectors but one were in the green.

Presidents Trump and Zelenskyy discussed a deal that exchanges US access to Ukraine's mineral resources for investment and what Kyiv anticipates will be security guarantees, CNN reported Friday. "You're not really in [a] good position right now," Trump was cited as telling Zelenskyy. "You're gambling with World War III." Vice President JD Vance called Zelenskyy "disrespectful" for trying to litigate the conflict in public.

US Treasury yields deteriorated, with the 2-year sinking 8.1 basis points to just shy of 4% and the 10-year 5.4 basis points lower at 4.23%.

The CBOE's volatility index VIX, which was trading down earlier in the session, jumped 5.5% to 22.30, the highest intraday level since mid-December, reflecting the change in investor sentiment following the Oval Office meeting.

In economic news Friday, the personal consumption expenditures price index rose by 0.3% month-over-month, as forecast, slowing the year-over-year rate to 2.5% from 2.6% and matching the 0.3% growth in December. The core PCE price index increased by 0.3%, matching expectations, following a 0.2% gain in December. The year-over-year rate slowed to 2.6% from 2.9% in the previous month.

"The latest read on prices -- via the PCE -- appears to be more reassuring of potentially reinstating a disinflationary trend, or at the very least arresting the recent upward progression, after four consecutive months of escalating consumer and producer price growth," Lindsey Piegza, chief economist at Stifel, said in a note.

However, she said "there appears to be at least some rising concerns of waning economic momentum amid fears of further upside risks to inflation, particularly with new fiscal policy initiatives, including tariffs, coming down the pipeline."

Further, in economic news, the Institute for Supply Management's Chicago PMI reading rose to 45.5 in February from 39.5 in January, above the expected 40.8 print in a survey compiled by Bloomberg.

In company news, AES ( AES ) shares climbed 10% intraday, the top performer on the S&P 500, after the company reported higher-than-expected Q4 adjusted earnings and issued a full-year 2025 guidance above the average analyst earnings estimate compiled by FactSet.

The worst performer on the index was NetApp ( NTAP ) , with shares sinking 17% intraday following its quarterly results overnight. The company "unexpectedly stumbled" in fiscal Q3, with revenue at the low end of guidance, and Q4 rebound expectations "muted," Wedbush Securities said Friday in a review of NetApp's ( NTAP ) earnings.

Meanwhile, West Texas Intermediate crude oil futures fell 0.6% to $69.94 a barrel.

Gold futures slid 1.3% to $2,857.11, and their silver counterparts slumped 1.5% to $31.63.