The 10-year Treasury yield was at 4.49%, down from 4.57% late Tuesday, helping to impart calm across financial markets.Ī swift rise in the 10-year yield beginning in the summer dragged the S&P 500 down by more than 10% from its peak for the year. It also lost more streaming subscribers than forecast. Warner Brothers Discovery tumbled 19% after reporting a worse loss for the latest quarter than analysts expected. regulators said its popular diabetes treatment, Mounjaro, can be sold as a weight-loss drug and tap into a market with massive potential.Īmerican Airlines, Delta Air Lines and United Airlines were also toward the front of the market, each gaining more than 2% as oil prices continued to drop and ease the pressure on fuel costs. The Dow Jones Industrial Average slipped 0.1% to 34,112.27, and the Nasdaq composite rose 0.1% to 13,650.41.Įli Lilly rose 3.2% after U.S. That ties its longest such winning streak since a nine-day run 19 years ago. Though the gain was slight, it was enough to extend the index's winning streak to eight days.
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