US benchmark equity indexes were little changed intraday as companies continued to report financial results.

The Nasdaq Composite reached 16,828.1 after midday Tuesday, while the Dow Jones Industrial Average and the S&P 500 were at 40,513.4 and 5,406.5, respectively. Among sectors, financials paced the gainers, while consumer discretionary saw the biggest drop.

In company news, Bank of America (BAC) was among the top gainers on the S&P 500, up 4.5%. The lender's first-quarter results surpassed Wall Street's projections, while it doesn't forecast a US recession this year.

Citigroup (C) logged stronger-than-expected first-quarter results that were buoyed by double-digit revenue gains in equity trading and investment banking, while the lender said that the global economic outlook has become "more negative." The company's shares rose 3.7%.

Albertsons (ACI) issued a full-year earnings outlook below the Street expectations, even as the grocery chain's fiscal fourth-quarter results topped estimates. The company's shares tumbled 8.4%.

Johnson & Johnson (JNJ) lifted its full-year sales outlook as the healthcare products conglomerate recorded better-than-expected first-quarter results. The company's shares were down 0.4% intraday.

Boeing (BA) was among the worst Dow performers, down 1.2%. China has ordered its airlines not to take any further deliveries of Boeing planes amid an ongoing trade war between the US and China, Bloomberg News reported, citing sources.

US Treasury yields were lower intraday, with the 10-year rate falling 5.4 basis points to 4.31% and the two-year rate dropping 1.8 basis points to 3.81%.

On Monday, President Donald Trump reportedly suggested he might consider granting tariff exemptions for certain automobile manufacturers, as they need "a little bit of time" to move production of car parts to the US.

"We continue to believe the 25% auto tariffs will ultimately be focused on finished cars (versus) auto parts at the end of the day which would be a clear positive (versus) the original auto parts tariffs," Wedbush Securities said in a Tuesday note.

New York manufacturing activity improved more than expected this month, while the outlook turned negative for the first time since 2022, a survey by the Federal Reserve Bank of New York showed.

West Texas Intermediate crude oil was down 0.4% at $61.31 a barrel intraday. The International Energy Agency reduced its projections for global oil demand growth in 2025, as rising trade tensions weigh on economic prospects.

On Monday, the Organization of the Petroleum Exporting Countries lowered its global oil demand projections for 2025 and 2026 amid macroeconomic uncertainties tied to the US government's tariffs.

Gold was up 0.5% at $3,243.40 per troy ounce, while silver rose 0.4% to $32.29 per ounce.