Most U.S. stocks rose following an encouraging update on inflation, but drops for Eli Lilly and some other influential stocks kept indexes in check.
The S&P 500 edged up 0.1% Tuesday, and three out of four stocks in the index were higher. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite fell 0.2%.
Stocks got a boost from a report showing inflation at the U.S. wholesale level wasn’t as high last month as expected. But Lilly weighed on the market after saying growth for some of its blockbuster products isn’t as strong as it expected.
On Tuesday:
The S&P 500 rose 6.69 points, or 0.1%, to 5,842.91.
The Dow Jones Industrial Average rose 221.16 points, or 0.5%, to 42,518.28.
The Nasdaq composite fell 43.71 points, or 0.2%, to 19,044.39.
The Russell 2000 index of smaller companies rose 24.83 points, or 1.1%, to 2,219.24.
For the week:
The S&P 500 is up 15.87 points, or 0.3%.
The Dow is up 579.83 points, or 1.4%.
The Nasdaq is down 117.24 points, or 0.6%.
The Russell 2000 is up 30 points, or 1.4%.
For the year:
The S&P 500 is down 38.72 points, or 0.7%.
The Dow is down 25.94 points, or 0.1%.
The Nasdaq is down 266.40 points, or 1.4%.
The Russell 2000 is down 10.92 points, or 0.5%.
Before you consider Eli Lilly and Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eli Lilly and Company wasn't on the list.
While Eli Lilly and Company currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.