US benchmark equity indexes are on track to close mixed Tuesday, as signs of tariff-driven inflation push bond yields higher.

The Dow Jones Industrial Average was down 0.8% to 44,4090.84, while the S&P 500 fell 0.2% to 6,253.87. Nasdaq Composite rose 0.3% to 20,709.20. Among sectors, technology was the lone gainer, with materials and healthcare falling the most.

Advanced Micro Devices (AMD) was among the top gainers in the S&P 500, with shares up 5.6%. The company plans to resume MI308 chip shipments to China after export license applications advanced with the US Commerce Department, a spokesperson confirmed to MT Newswires.

Nvidia (NVDA) secured a "monster win" as the US government assured that licenses for the H20 graphic processing units sales in China will be granted, Wedbush Securities said. The tariff war halted H20 sales, and Wedbush said this cost Nvidia about $8 billion in quarterly sales. Nvidia shares were up 3.7%.

State Street (STT) was the worst performer on the S&P 500, with shares down 6.9% after the company's Q2 earnings of $2.17 fell short of analysts' estimates.

The 10-year US Treasury yield was up 5.1 basis points to 4.49%, while the two-year rate increased 4.2 basis points to 3.96%.

August West Texas Intermediate crude oil fell 0.4% to $66.71 a barrel.