01:12 PM EDT, 06/25/2024 (MT Newswires) -- US equity indexes traded mixed after midday Tuesday as sole intraday gainers technology and communication services lifted the Nasdaq Composite while a consumer confidence gauge declined more than forecast.

The Nasdaq jumped 0.8% to 17,644.5, and the S&P 500 rose less than 0.1% to 5,449.6. The Dow Jones Industrial Average fell 1% to 39,029.3. Real estate, materials, and industrials led the steepest decliners intraday.

Nvidia's ( NVDA ) shares rebounded 4.9% intraday, among the top gainers on the S&P 500 and the Nasdaq after closing in correction territory on Monday. Other gainers in the technology sector included Taiwan Semiconductor Manufacturing Company ( TSM ) , up 1.8% intraday. On Wednesday, quarterly results from Micron Technology ( MU ) , another chipmaker, will shed further light on the impact on demand of widespread adoption of artificial intelligence. Shares of Micron are up more than 65% year to date.

Meanwhile, in economic news, the Conference Board's measure of consumer confidence declined to 100.4 in June from 101.3 in May, compared with 100 expected in a survey compiled by Bloomberg.

The Richmond Fed's monthly manufacturing index sank to minus 10 in June from 0 in May, versus expectations for minus 3 in a survey compiled by Bloomberg.

The Dallas Federal Reserve's monthly general business services index improved to minus 4.1 in June from minus 12.1 in May. The index indicates a slower pace of contraction in the sector. The Richmond Fed index released earlier Tuesday indicated faster contraction versus the Philadelphia Fed and the S&P Global flash measures that pointed to expansion.

Capping the mixed macroeconomic data on Tuesday was the Redbook US same-store sales, which rose 5.3% from a year ago in the week ended June 22, following a 5.9% year-over-year increase in the previous week. The Federal Reserve is keenly watching data, seeking more evidence to be convinced that it is on course to meet its 2% inflation target before it kicks off its policy easing cycle.

US Federal Reserve Governor Michelle Bowman told the Policy Exchange in London that she remains "willing to raise the target range for the federal funds rate" if the progress on the US inflation rate hits a snag or reverses.

"Given the risks and uncertainties regarding my economic outlook, I will remain cautious in my approach to considering future changes in the stance of policy," Bowman added. "Reducing our policy rate too soon or too quickly could result in a rebound in inflation, requiring further future policy rate increases to return inflation to 2 percent over the longer run.

The US 10-year yield rose less than one basis point to 4.25%, and the two-year rate climbed 1.7 basis points to 4.75%.

West Texas Intermediate crude oil dropped 0.9% to $80.84 a barrel.

Gold fell 0.6% to $2,330.82 an ounce, and silver slumped 2.1% to $28.91.

In company news, Carnival (CCL) swung to fiscal Q2 adjusted earnings as revenue increased, and the cruise liner also lifted its 2024 guidance for adjusted earnings. Shares jumped 9.3% intraday, the top performer on the S&P 500. The second-biggest gainer on the index was a rival to Carnival, Norwegian Cruise Line Holdings ( NCLH ) , whose shares advanced 6.1% intraday.