02:24 PM EDT, 09/09/2025 (MT Newswires) -- US benchmark equity indexes were higher after midday Tuesday as Wall Street assessed a downward revision to annual jobs growth and awaited key inflation data due later in the week.

The Dow Jones Industrial Average was up 0.4% at 45,706.1 intraday, while the Nasdaq Composite rose 0.2% to 21,830.8, following a record-high close in the previous session. The S&P 500 was up 0.1% at 6,504 intraday Tuesday.

Among sectors, energy paced the gainers, while materials saw the biggest decline.

The US Bureau of Labor Statistics said Tuesday that nonfarm payrolls growth was 911,000 lower than previously reported for the year through March.

"This was at the high end of a very wide range of analyst estimates," BMO said. "While the revision doesn't say much about what has happened since March, it suggests the labor market had less momentum heading into the trade war."

"The report failed to extend the recent rally in Treasury markets and likely won't spur the (Federal Reserve) to slice rates aggressively next week, but it should cement a (25-basis-point) trim, and could prod the (Federal Open Market Committee) to project a faster series of rate cuts than it expected in June," BMO added.

The latest BLS data indicate the US economy is "weakening," CNBC reported, citing JPMorgan Chase ( JPM ) Chief Executive Jamie Dimon. "Whether that is on the way to recession or just weakening, I don't know."

The probability that the central bank's FOMC will lower its benchmark lending rate by 25 basis points next week rose to 92% Tuesday from 89% Monday, according to the CME FedWatch tool. The odds of a 50-basis-point cut fell to 8% from 11%.

The official US producer price report for August is scheduled to be released Wednesday, followed by consumer inflation data on Thursday. The consumer price index is expected to have increased 0.3% sequentially and 2.9% annually last month, according to a Bloomberg-compiled consensus.

A "benign" CPI reading is likely to raise expectations for a 50-basis-point Fed rate cut next week, Saxo Bank said in a Tuesday report.

US Treasury yields were higher intraday, with the two-year rate rising 3.9 basis points to 3.53% and the 10-year rate gaining 2.2 basis points to 4.07%.

Gold was up 0.1% at $3,682.40 per troy ounce. Gold futures traded above a record $3,700 earlier in the session.

"(Gold) prices have been rising for three consecutive sessions, supported by increased bets on a wave of (Fed) rate cuts this year," ING said in a Tuesday note.

Silver was down 1.5% at $41.3 per ounce intraday.

West Texas Intermediate crude oil was up 1% at $62.86 a barrel.

"Oil extended gains, supported by the latest oil output hike from (the Organization of the Petroleum Exporting Countries and its allies) being smaller than anticipated, expectations that China will continue stockpiling oil, and concerns over potential new sanctions on Russia," D.A. Davidson said in a client note.

In company news, UnitedHealth ( UNH ) shares were up 9.3%, the top gainer on the Dow and the S&P 500. The health insurance giant said that interim data suggest about 78% of its membership is in 4-star or higher plans, consistent with expectations and past performance.

Nebius Group's ( NBIS ) US-listed shares surged 52%. The Dutch tech firm's multi-billion dollar artificial intelligence infrastructure deal with Microsoft ( MSFT ) announced late Monday signals robust momentum across the sector and bodes well for companies with direct exposure to graphics processing unit cloud services, B. Riley Securities said Tuesday.

Microsoft ( MSFT ) shares were up 0.1% intraday.

Core & Main ( CNM ) shares sank 25% after the water, sewer and fire protection product distributor lowered the top end of its full-year sales outlook amid higher operating costs and weak residential demand. The company's fiscal second-quarter revenue fell short of market expectations.

SailPoint ( SAIL ) issued a fiscal third-quarter revenue outlook that fell short of the Street's estimates. The security software company's shares slumped 9.2%.

Oracle (ORCL), Synopsys ( SNPS ) , and Rubrik ( RBRK ) are scheduled to report results after the closing bell Tuesday.