01:40 PM EDT, 07/08/2024 (MT Newswires) -- US benchmark equity indexes were mixed after midday Monday as investors analyzed a survey of consumers' inflation expectations and awaited official consumer price index data for June, scheduled to be released later this week.

The Dow Jones Industrial Average was down 0.2% at 39,316 intraday, while the Nasdaq Composite rose 0.1% to 18,377.8. The S&P 500 was little changed at 5,566.2. Among sectors, communication services saw the steepest decline, while technology led the gainers.

In economic news, US consumers' inflation expectations in June fell at the short- and longer-term horizons, but rose slightly at the medium-term horizon, according to a survey by the Federal Reserve Bank of New York.

Official data are likely to show Thursday that consumer inflation in the US rose 0.1% sequentially and 3.1% annually last month, according to a Bloomberg-compiled consensus.

Official producer prices data for June are scheduled to be released Friday.

The US two-year yield rose 2.3 basis points to 4.62% intraday, while the 10-year rate was little changed at 4.27%.

On Friday, New York Fed President John Williams reportedly said that although policymakers have made progress in their fight against inflation, they still have "a way to go" to reach their objective.

West Texas Intermediate crude oil dropped 0.7% to $82.55 per barrel intraday.

In company news, Boeing ( BA ) shares were down 1%. The plane maker has agreed in principle to plead guilty to a fraud conspiracy charge in connection with two fatal 737 Max crashes, according to a court filing on Sunday.

Eli Lilly ( LLY ) will buy biopharmaceutical company Morphic ( MORF ) for roughly $3.2 billion in a bid to expand its immunology portfolio with oral therapies targeting cell proteins for chronic diseases, the companies said Monday. Morphic ( MORF ) shares jumped 75%, while Lilly rose 0.3%.

Intel ( INTC ) was the best performer on the Dow and the Nasdaq, and among the top on the S&P 500, up 4.9%.

Gold was down 1.3% at $2,366.60 per troy ounce, while silver fell 2.4% to $30.92 per ounce.