Late in his term, Biden supports ban on congressional stock trading
For years, bipartisan groups of lawmakers have pushed legislation to ban or limit congressional stock trading. Biden previously declined to take a position on the issue.
Stock Market
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IBJ Podcast: Josef Newgarden, Indy 500 champ and avid investor, also races against S&P 500
Newgarden enjoys being a hands-on caretaker of his financial life, including managing his investment portfolio. He says if he weren’t a racer, “I think I’d be an equity trader or some kind of strategist.”
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Lilly stock skyrockets, raising profile of city’s life sciences sector
The pharmaceutical company has launched 20 drugs in the past decade to treat diseases from arthritis and psoriasis to diabetes and cancer. In recent months, Lilly has overtaken every competitor to become the most valuable drugmaker in the world.
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Emmis Corp. to make another attempt to go private
Emmis Corp. CEO Jeff Smulyan says he believes his fourth pitch to take the Indianapolis-based media company private will be successful.
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Lilly overtakes rival J&J in market cap to become world’s most valuable drugmaker
Eli Lilly and Co. shares have soared 57% over the past 52 weeks, buoyed in part by sales of its diabetes drug Mounjaro, which the company is also preparing to seek approval to market for obesity.
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Articles
Trump to be honored as Time’s person of the year
President-elect Donald Trump also will ring the opening bell at the New York Stock Exchange.
Rebounding banks see tailwinds ahead
After a tough 2023, most publicly traded banks in the Hoosier state have seen at least a partial rebound in their stock prices this year.
Dow sees biggest single-day gain in two years as Wall Street applauds election results
Trump’s victory and the possibility of a Republican sweep of government buoyed investor hopes that his reelection could usher in an era of loosened government regulation and lower taxes, analysts said.
Elevance shares tumble on reduced forecast, Medicaid woes
The Indianapolis-based health insurance giant said Thursday that its Medicaid enrollment tumbled 19% from 11 million people in last year’s third quarter.
Wall Street rallies to its best day since 2022 on encouraging unemployment data
Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week.
Wall Street rallies to bounce back from its worst day in nearly 2 years
Stronger-than-expected profit reports from several big U.S. companies helped drive the market.
Stock markets are reeling, but economists say don’t panic yet
U.S. stock markets plummeted Monday, with two major indexes racking up their worst day of trading in almost two years.
Dow drops 860 points, Japanese stocks suffer worst crash since 1987
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Outages hit Schwab, Fidelity, other online trading brokerages during market sell-off
Several online brokerage firms appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024.
Japan’s Nikkei index has its worst day in decades as markets quake over risks to US economy
A report Friday showing hiring by U.S. employers slowed last month by much more than expected has convulsed financial markets, vanquishing the euphoria that had taken the Nikkei 225 to all-times highs of over 42,000 in recent weeks.
Stock market on midday pace for worst session since 2022
Worries are rising the Federal Reserve might have kept its main interest rate at a two-decade high for too long.
Lilly inches toward rare $1 trillion market-value distinction
The spotlight is turning to Indianapolis-based Eli Lilly and Co. as the next possible member of the so-called “Trillion-Dollar Club,” based on the drugmaker’s climbing stock price and swelling demand for its treatments for diabetes, obesity and other diseases.
Widespread rally sends Wall Street to record as Dow leaps 740 points
Unlike other record-setting days, Tuesday’s came after a widespread rally where nearly nine out of every 10 stocks in the S&P 500 rose, instead of just the handful of influential Big Tech stocks.
All eyes are on Nvidia’s stock, so what’s been going on?
Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Then it fell 13% over three days, its worst such stretch since 2022.
Nvidia’s stock market value tops $3.3 trillion, making it No. 1 in S&P 500
The company’s journey to be one of the most prominent players in AI has produced some eye-popping numbers. Here’s a look:
Dow tops 40,000 for the first time as Wall Street drifts higher
Stocks have continued to hold up despite the worst inflation in decades, the punishing effects of high interest rates and worries about a recession that seemed inevitable but hasn’t arrived.
Wall Street’s ugly April gets even worse at finish line
More worries about inflation and interest rates staying high knocked U.S. stocks lower on Tuesday, as the market closed out its worst month since September.
Shares in Trump’s social media company soar nearly 50% in first day on Nasdaq
Before trading began, Trump Media had a market value of about $6.8 billion, a figure that will rise significantly if the early gains in the shares hold.
Fed still foresees three interest rate cuts this year despite another bump in inflation
The financial markets cheered the message Wednesday from Jerome Powell and the Federal Reserve, with traders sending the Dow Jones industrial average surging 1%, to another all-time high.