01:54 PM EDT, 05/17/2024 (MT Newswires) -- US equity indexes traded close to record highs, while government bond yields rose after midday on Friday.

The Dow Jones Industrial Average rose 0.2% to 39,954.2, close to the record 40,051.05 this week. The S&P 500 was little changed at 5,296.3, hovering close to the all-time high of 5,325.49. The Nasdaq Composite slipped 0.1% to 16,684, close to the record 16,797.83.

Energy and materials were the top gainers, while technology and consumer staples 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 4.5 basis points to 4.42%, and the two-year rate climbed 3.4 basis points to 4.83%.

In company news, GameStop ( GME ) shares tumbled 25% after the company reported preliminary results indicating fiscal Q1 sales tumbled. The video-game retailer also said it may sell up to 45 million shares.

West Texas Intermediate crude oil rose 0.9% to $79.94 a barrel.

"A rangebound crude oil market is focusing on the next move from OPEC+ as they prepare to meet next month," Saxo Bank said in a note.

OPEC+ is debating whether to hold its June 1 ministerial meeting in person or virtually, with a decision not to meet at OPEC's Vienna headquarters likely to be seen as an indication the cartel and its allies will extend production cuts past their scheduled expiry to support prices.

Gold rose 1.3% to $2,416.32 an ounce, while silver jumped 4.7% to $31.28.