US Equity Indexes Mixed, Treasury Yields Jump in Midday Trading

11:53 AM EST, 01/16/2026 (MT Newswires) -- US equity indexes were mixed in midday trading on Friday amid gains in government bond yields.

The Nasdaq Composite rose 0.2% to 23,572.2, with the S&P 500 up 0.2% to 6,955.1, while the Dow Jones Industrial Average was little changed at 49,458.6.

Materials, utilities, and consumer staples were among the steepest decliners. Industrials and real estate led the gainers.

Power company shares fell after multiple media outlets reported that the Trump administration is pushing for technology firms to shoulder the costs of new power plants in connection with a surge in the construction of artificial intelligence data centers. Shares of Constellation Energy (CEG) slumped 10% and Vistra (VST) dropped 7.2%, the worst performers on the S&P 500. Constellation also led decliners on the Nasdaq.

Shares of PNC Financial Services (PNC) rose 3% after the lender reported Q4 results above Wall Street's estimates amid net interest income gains and lower provision for credit losses. State Street (STT), however, reported a decline in Q4 earnings, and its shares slid 4.5%.

Most US Treasury yields jumped, with the 10-year yield up 4.7 basis points to 4.21% and the two-year rate higher by 2.6 basis points to 3.59%.

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