US Equity Indexes Mixed as Dip Buyers Lift Tech While Lingering Inflation Concerns Boost Treasury Yields

04:50 PM EST, 11/14/2025 (MT Newswires) -- US equity indexes closed mixed on Friday, as selective dip-buying helped lift the technology sector while top Federal Reserve officials noted inflationary impulses in the economy.

The Nasdaq Composite rose 0.1% to 22,900.6, while the S&P 500 slipped less than 0.1% to 6,734.1. The Dow Jones Industrial Average fell 0.7% to 47,147.5. Materials, communication services, and financials led the decliners, while technology and energy emerged as the gainers.

Nvidia (NVDA) is poised to deliver breakout Q3 results next week as Blackwell enters full ramp and demand continues to surge, according to a Morgan Stanley note. Nvidia's (NVDA) shares rose 1.8%.

"Importantly, we are not seeing a fundamental deterioration in profits [in Q3 results], the north star of this bull market," Keith Lerner, chief investment officer at Truist Advisory Services, was cited as saying in a Marketwatch news report published by Morningstar. "Indeed, forward 12-month earnings estimates for the S&P 500 have once again risen to record highs, led by tech."

Microsoft (MSFT) -backed OpenAI launched its "OpenAI for Ireland" initiative in collaboration with the Irish government, Dogpatch Labs, and Patch to help Irish small and medium-sized enterprises and founders. Microsoft (MSFT) shares climbed 1.4%.

Micron Technology (MU) is poised to move into new highs in terms of its earning power, given the shortage in Dynamic Random Access Memory, Morgan Stanley said in a Thursday note. Shares of Micron were up 4.2%, the second-biggest return on the S&P 500 and the Nasdaq.

Meanwhile, most Treasury yields rose on Friday, with the 10-year yield up 3.5 basis points to 4.15%. The two-year yield climbed 1.5basis points to 3.60%. Higher yields coincided with Kansas City Fed President Jeffrey Schmid's comments Friday that the current stance of monetary policy is "modestly restrictive," which he said is appropriate given continued concerns about inflation.

"By my view, inflation remains too high, the economy shows continued momentum, and the labor market-though cooling-remains largely in balance," Schmid said in prepared remarks to a Kansas City Fed energy conference. Schmid dissented at the most recent Federal Open Market Committee meeting in October, preferring no change in Fed policy compared with the 25-basis-point cut the central bank announced.

San Francisco Fed President Mary Daly, Atlanta Fed President Raphael Bostic, and Boston Fed President Susan Collins have all recently resisted the idea of the third consecutive rate cut next month.

The probability of a 25-basis-point rate reduction in December sank to about 46% by Friday afternoon, down from over 94% a month ago, according to the CME Group's FedWatch Tool. The likelihood of the target rate being left unchanged in the 3.75% to 4% range surged to 54% from 6%, a gain of almost 10 times.

West Texas Intermediate crude oil futures jumped 2.2% to $60.00 a barrel.

Gold futures sank 2.7% to $4,083.00 per ounce, and Silver futures plunged 5% to $50.49.

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