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Crude Oil Gains Over 2%; Eli Lilly Cuts 2024 Forecast

Benzinga ·  Oct 30 15:00

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining around 0.1% on Wednesday.

The Dow traded up 0.07% to 42,262.68 while the NASDAQ fell 0.05% to 18,703.09. The S&P 500 also fell, dropping, 0.03% to 5,831.09.

Leading and Lagging Sectors

Communication services shares rose by 1.8% on Wednesday.

In trading on Wednesday, information technology shares fell by 0.9%.

Top Headline

On Wednesday,Eli Lilly and Co(NYSE:LLY) posted worse-than-expected third-quarter earnings and lowered 2024 guidance.

The U.S. pharma giant reported third-quarter revenue of $11.44 billion, up 20% year over year, but it missed the consensus of $12.10 billion. The company...

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