01:54 PM EDT, 07/15/2025 (MT Newswires) -- US benchmark equity indexes were mixed intraday as Wall Street parsed latest inflation data and earnings by major banks.

The Dow Jones Industrial Average was down 0.8% at 44,126.5 after midday Tuesday, while the S&P 500 fell 0.2% to 6,258.1. The Nasdaq Composite rose 0.5% to 20,744.3. On Monday, the technology-heavy Nasdaq hit a new all-time closing high.

Barring tech, all sectors were lower intraday Tuesday, led by a 1.9% drop in materials.

In economic news, US consumer inflation accelerated last month at the fastest pace since January, with analysts saying there were signs of tariffs driving prices higher.

"Looking ahead, we expect tariff passthrough to intensify through the summer, as pre-tariff inventory stockpiles are drawn down, and businesses are forced to restock under significantly higher import duties," TD Economics said in a report. "But the degree of tariff passthrough remains uncertain."

This uncertainty means the Federal Reserve will likely remain on the sidelines for "at least another few months," the firm said.

The official US producer prices report for June is scheduled to be released Wednesday.

US Treasury yields were higher intraday Tuesday, with the two-year rate increasing 5.9 basis points to 3.96% and the 10-year rate adding 5.6 basis points to 4.48%.

In company news, Wells Fargo ( WFC ) lowered its full-year net interest income outlook despite reporting second-quarter results above market expectations. The company's shares were down 5.9%, the second-worst performer on the S&P 500.

Citigroup's ( C ) second-quarter results surpassed the Street's expectations, buoyed by trading gains and double-digit revenue growth in investment banking. The company's shares were up 2.9%, among the best S&P 500 performers.

Citi joined JPMorgan Chase ( JPM ) and Wells Fargo ( WFC ) in reporting investment banking gains even as JPMorgan ( JPM ) Chief Executive Jamie Dimon said that economic risks remained. JPMorgan ( JPM ) shares were 0.8% lower intraday.

BlackRock ( BLK ) saw one of the steepest declines on the S&P 500, down 5.4%, following a second-quarter revenue miss.

J.B. Hunt Transport Services (JBHT) and Omnicom (OMC) are among the companies scheduled to report results after Tuesday's closing bell.

Nvidia ( NVDA ) shares jumped 4%, the top performer on the Dow and among the best on the S&P 500. The chipmaking giant said Monday it is filing applications to resume selling its H20 GPU in China, targeting to start deliveries "soon."

West Texas Intermediate crude oil was down 0.9% at $66.38 a barrel intraday Tuesday.

The Organization of the Petroleum Exporting Countries maintained its global oil demand and economic growth projections for 2025 and 2026.

"Continued robust global economic growth is expected, following the solid growth seen in (the first half of 2025), despite ongoing US-centered trade challenges and geopolitical uncertainties," the cartel said in its latest monthly report. "Supported by the past months' developments, the forecast anticipates that reasonable trade agreements are reached with most key US trading partners, and global economic uncertainty is likely to ease further."

President Donald Trump said Tuesday that the US will charge Indonesia a 19% tariff rate under a trade deal, Bloomberg News reported.

On Monday, Trump reportedly said the US will levy "very severe tariffs" on Russia in the absence of a deal in 50 days. In social media posts Saturday, Trump revealed plans to impose 30% tariffs on the European Union and Mexico, effective Aug. 1.

Gold was down 0.6% at $3,338.2 per troy ounce, while silver lost 1.9% to $38.03 per ounce.