12:29 PM EDT, 05/17/2024 (MT Newswires) -- US benchmark stock indexes traded close to record highs while government bond yields rose after midday on Friday.

The Dow Jones Industrial Average traded less than 0.1% higher at 39,886.1, close to a record 40,051.05 hit this week. The S&P 500 fell less than 0.1% to 5,296.2 but still hovered around its record high of 5,325.49. The Nasdaq Composite slipped less than 0.1% to 16,691.2, close to its all-time high of 16,797.83 intraday.

Energy and materials were the top gainers intraday, while consumer staples and technology led the decliners.

In economic news, the Conference Board's leading economic index fell 0.6% in April, below expectations for a 0.3% decrease in a survey compiled by Bloomberg and following a 0.3% drop in March.

The US 10-year Treasury yield rose 3.3 basis points to 4.41%, and the two-year rate climbed 1.7 basis points to 4.81%.

In company news, GameStop ( GME ) shares tumbled nearly 25% intraday after disclosing preliminary results that pointed to a sharp year-over-year decline in fiscal Q1 sales. The video game retailer also said it may sell up to 45 million class A shares.

West Texas Intermediate crude oil rose 0.4% to $79.57 a barrel.

Gold jumped 1.1% to $2,412.61 an ounce, while silver advanced 3.5% to $30.91.