03:50 PM EDT, 04/01/2025 (MT Newswires) -- US benchmark equity indexes are on track to close mixed on Tuesday, as March US manufacturing data shows weak demand.

The Dow Jones Industrial Average dropped 0.3% to 41,896.7, while the Nasdaq Composite increased 0.5% to 17,384. The S&P 500 was up 0.1% to 5,617.6. The consumer discretionary sector posted the highest gains, while healthcare had the steepest decline.

Tesla (TSLA) shares were up 3.9%, the top gainer on the S&P 500. Sales of new units in Spain increased 34% year-over-year to 1,983 vehicles in March, Reuters reported, citing data from Spanish industry group ANFAC.

GE Vernova ( GEV ) rose 3.2%. The company said Monday that it is partnering with the Massachusetts Institute of Technology to advance energy technologies and develop future industry leaders. Under the partnership, GE will provide $50 million over five years to fund research initiatives, student fellowships, internships and development programs.

Shares of Johnson & Johnson ( JNJ ) were down 7%, the worst performer on the S&P 500. The US Bankruptcy Court for the Southern District of Texas denied a request by JNJ's Red River Talc unit to confirm its proposed prepackaged bankruptcy plan. The drugmaker said it plans to return to the tort system to challenge and defeat "meritless talc claims" instead of pursuing an appeal.

The 10-year US Treasury yield lost 4.1 basis points to 4.2%, while the two-year rate was down 1.4 basis points to 3.9%.

May West Texas Intermediate crude oil was down 0.4% to $71.24 a barrel.