US benchmark equity indexes are on track to close lower on Monday as investors parse contradictory April data on US services sector growth from the Institute for Supply Management and S&P Global (SPGI).

The Dow Jones Industrial Average dropped 0.03% to 41,310.51, while the Nasdaq Composite declined 0.4% to 17,902.80. The S&P 500 was down 0.4% to 5,666.13. Only the communications and industrials sectors saw gains, while energy had the steepest decline.

EQT (EQT) shares jumped 3.1%, the top gainer on the S&P 500. UBS Securities upgraded its rating on EQT's stock to buy from neutral and raised the price target to $64 from $54.

Delta Air Lines (DAL) shares were up 3.4% after Seaport Global Securities adjusted its price target to $65 from $50.

Zimmer Biomet (ZBH) shares fell 12%, the worst performer on the S&P 500. The company reduced its full-year adjusted earnings outlook and reported a decline in Q1 EPS. RBC Capital Markets, BTIG, Wells Fargo, Citigroup, and Evercore reduced their price targets on Zimmer's stock.

Onsemi (ON) Q1 non-GAAP earnings and revenue declined. Shares of the company were down 8.3%.

The 10-year US Treasury yield gained 3.2 basis points to 4.34%, while the two-year rate was up 1.9 basis points to 3.84%.

June West Texas Intermediate crude oil was down 2.04% to $57.10 a barrel.