US benchmark equity indexes were mixed intraday as traders tracked updates on global trade, as well as a report showing continued expansion in the US services sector.

The S&P 500 and the Nasdaq Composite were down 0.2% each at 5,677.1 and 17,944.3, respectively, after midday Monday. The Dow Jones Industrial Average rose 0.3% to 41,425.7. Among sectors, energy saw the biggest drop, while industrial paced the gainers.

The Trump administration is "very close to some deals," CNBC reported Monday, citing Treasury Secretary Scott Bessent. President Donald Trump said Sunday that tariff deals with some countries could come as early as this week, according to the report.

In a social media post Sunday, Trump said he was authorizing the Department of Commerce and the US Trade Representative to immediately start the process of imposing 100% duties on "any and all movies coming into our country that are produced in foreign lands."

Netflix (NFLX) shares were down 1.4% intraday Monday. Amazon.com (AMZN) fell 1.3%, among the worst Dow performers. Warner Bros. Discovery (WBD) and Comcast (CMCSA) were also lower.

US Treasury yields were higher intraday, with the 10-year rate rising 4.7 basis points to 4.37% and the two-year rate adding 1.3 basis points to 3.85%.

In economic news, the US services sector grew at a faster pace sequentially last month, data from the Institute for Supply Management showed.

"April's change in indexes was a reversal of March's direction, with increases in three of the four sub-indexes that directly factor into the services PMI," said Steve Miller, chair of the ISM's services business survey committee.

West Texas Intermediate crude oil was down 1.9% at $57.19 a barrel intraday. Eight members of the Organization of the Petroleum Exporting Countries and its allies on Saturday announced plans to hike production in June for a second consecutive month.

In other company news, Tyson Foods (TSN) shares slumped 7.9%, the second-worst performer on the S&P 500. The meat producer's fiscal second-quarter sales trailed Wall Street's estimates amid what it called a "legal contingency accrual."

Skechers USA (SKX) shares jumped 24% after the footwear maker agreed to be acquired by investment firm 3G Capital in a deal that will see the footwear maker become a private company.

Palantir Technologies (PLTR), Ford Motor (F) and Clorox (CLX) are among the companies scheduled to report results after the closing bell Monday.

The Federal Reserve's next monetary policy meeting is scheduled to kick off Tuesday, with a decision on interest rates expected Wednesday. Markets widely expect policymakers to leave rates unchanged, according to the CME FedWatch tool.

Fed Chair Jerome Powell will "toe the Federal Open Market Committee line and stick with the mantra that the central bank needs more information, keeping its communication data-dependent rather than offering any tangible forward guidance," Oxford Economics said in a note.

Gold was up 2.4% at $3,322.40 per troy ounce, while silver gained 0.7% to $32.77 per ounce.