US equity indexes were mixed in midday trading on Friday, with technology and energy leading the sector charts.

The Nasdaq Composite rose 0.8% to 23,052, and the S&P 500 climbed 0.5% to 6,767.9. The Dow Jones Industrial Average fell 0.3% to 47,339.

Materials, communication services, and consumer staples led the decliners intraday.

In company news, 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 Micro were up 7.3% intraday, the top performer on the S&P 500 and the Nasdaq.

Meanwhile, shares of Bristol-Myers Squibb (BMY) dropped 3.5% intraday, among the steepest decliners on the S&P 500, after the company and Johnson & Johnson (JNJ) said they decided to stop a phase 3 trial of their experimental drug, milvexian, targeting patients recovering from a recent acute coronary syndrome event.

Most Treasury yields advanced intraday, with the 10-year yield rising 2.9 basis points to 4.14% and the two-year rate higher by 2.1 basis points to 3.61%.