U.S. stocks mostly rose following positive wholesale inflation data, with the S&P 500 up 0.1% and the Dow Jones gaining 221 points. However, Eli Lilly’s 6.6% drop and declines in several Big Tech stocks limited gains. Treasury yields stabilized, impacting market dynamics as earnings season begins.
about Wall Street Gains Amid Mixed Earnings and Falling Crude Oil Prices
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Wall Street Gains on Positive Inflation Data Despite Key Stock Drops
U.S. stocks rose slightly following positive wholesale inflation data, with the S&P 500 up 0.1% and the Dow Jones gaining 134 points. However, declines in major companies like Eli Lilly and Nvidia limited gains. H&E Equipment Services surged over 100% after a buyout announcement, while Signet Jewelers fell 21.5% due to disappointing holiday sales.
about Wall Street Gains on Positive Inflation Data Despite Key Stock Drops