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Stocks are nearing all-time highs, with the S&P 500 rising for the seventh consecutive day, driven by optimism despite geopolitical risks and tariff announcements from President-elect Trump. The index is on track for its 52nd record this year, with analysts predicting continued gains into 2025. Meanwhile, corporate performances varied, with notable declines for Amgen and Kohl's, while Eli Lilly benefited from potential government support for weight-loss drugs.
JM Smucker Co. has raised its earnings per share guidance to a top end of $10.10, up from $10, driven by strong sales of its Uncrustables frozen sandwiches. In the fiscal second quarter ending October 31, net sales increased by 2% to $2.3 billion, excluding acquisitions, divestitures, and foreign currency effects.
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