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Wall Street remained quiet as investors awaited key inflation data, with the S&P 500 unchanged and the Dow Jones down 139 points. Oracle's stock fell 9.2% after disappointing growth results, while Alaska Air Group surged 12.2% on strong holiday demand forecasts. Treasury yields rose slightly ahead of upcoming inflation reports, as the Federal Reserve prepares for its next meeting amid ongoing interest rate cuts.
Wall Street remained quiet as investors awaited key inflation data, with the S&P 500 unchanged and the Dow Jones down 139 points. Oracle's stock fell 9.2% after disappointing growth results, while Alaska Air Group surged 12.2% on a positive profit forecast. Treasury yields edged higher ahead of upcoming inflation reports, influencing expectations for the Federal Reserve's interest rate decisions.
Wall Street remained quiet as investors awaited inflation data, with the S&P 500 unchanged and the Dow Jones down 139 points. Oracle's stock fell 9.2% after disappointing growth, while Alaska Air Group surged 12.2% on a positive profit forecast. Treasury yields edged higher ahead of key inflation reports, as the Federal Reserve prepares for a potential interest rate cut.
Wall Street remained subdued as investors awaited key inflation data, with the S&P 500 nearly unchanged. Oracle's stock plummeted 9.2% after disappointing growth results, while C3.ai fell 6.9% despite a smaller-than-expected loss. In contrast, Alaska Air Group surged 12.2% on a positive profit forecast, and Eli Lilly rose 1% after increasing its dividend and stock buyback plan.
U.S. stock indexes are drifting ahead of key inflation data, with the Dow Jones down 139 points and Oracle's shares falling 9.2% after disappointing growth results. Treasury yields rose slightly as investors await inflation reports that could influence the Federal Reserve's interest rate decisions. Meanwhile, Alaska Air Group surged 12.2% on strong holiday demand forecasts.
Wall Street remained quiet as investors awaited key inflation data, with the S&P 500 unchanged and the Dow Jones down 139 points. Oracle's stock fell 9.2% after disappointing growth results, while C3.ai dropped 6.9% despite a smaller-than-expected loss. Treasury yields rose slightly ahead of upcoming inflation reports, as the Federal Reserve prepares for a potential interest rate cut next week.
BioAge Labs has halted its mid-stage study of the obesity drug azelaprag due to safety concerns after participants showed elevated liver enzymes, leading to a 75% drop in share price. The company plans to provide an update on azelaprag's development in early 2025, while also pursuing another program targeting central nervous system disorders.
Eli Lilly is investing $3 billion to expand its manufacturing plant in Pleasant Prairie, Wisconsin, to meet the rising demand for its weight-loss drug Zepbound and diabetes treatments. This marks the company's largest U.S. manufacturing investment outside Indiana, with plans to create 750 new jobs and begin production by late 2025. Lilly's total investment in the site will reach $4 billion, reflecting its commitment to increasing capacity amid ongoing drug shortages.
Prescription fills for weight loss drugs Zepbound and Wegovy surged over 100% and 300%, respectively, in 2024, despite limited insurance coverage and high costs. With average out-of-pocket expenses exceeding $2,500 annually for Zepbound, many patients face significant financial burdens. The Biden administration has proposed a rule to expand Medicare and Medicaid coverage for these treatments, potentially increasing access for those with obesity.
On Thursday, major analyst calls highlighted key companies including Nvidia, Tesla, Eli Lilly, Cheesecake Factory, Walmart, Costco, and Broadcom. These insights are crucial for investors looking to navigate the current market landscape effectively.
Eli Lilly and Company
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wall street drifts as investors await key inflation data
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15:49 10.12.2024
wall street drifts as investors await key inflation data
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Oracle Corp
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06:26 10.12.2024
Wall Street drifts as investors await key inflation data updates
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06:24 10.12.2024
wall street drifts as investors await key inflation data
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Eli Lilly and Company
Alaska Air Group, Inc.
C3.ai, Inc.
Toll Brothers, Inc.
Oracle Corp
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06:24 10.12.2024
wall street drifts as investors await key inflation data
United States Dollar
Eli Lilly and Company
Alaska Air Group, Inc.
C3.ai, Inc.
Toll Brothers, Inc.
Oracle Corp
CHN
USA
HKG
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Elaine Kurtenbach
Matt Ott
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06:24 10.12.2024
wall street remains steady as investors await key inflation data
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Eli Lilly and Company
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C3.ai, Inc.
Toll Brothers, Inc.
Oracle Corp
CHN
USA
Safra Catz
Elaine Kurtenbach
Matt Ott
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06:24 10.12.2024
BioAge Labs Halts Obesity Drug Study Shares Plummet Due to Safety Concerns
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01:00 07.12.2024
Eli Lilly Invests 3 Billion to Expand Wisconsin Plant Amid Drug Demand Surge
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Surge in Weight Loss Drug Prescriptions Amid Limited Insurance Coverage
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Analysts Highlight Nvidia Tesla Eli Lilly and More on Thursday
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14:21 05.12.2024
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