Wholesale inflation rises on higher energy costs
The overall increases were slightly less than economists had forecast. U.S. markets leapt higher immediately on the new inflation data.
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
Stocks surged in 2024 even as Americans fretted over the economy
The S&P 500 and Nasdaq composite index rose to record highs, as investor enthusiasm for artificial intelligence fueled a massive bull run, and investors cheered the Fed’s shift to lower interest rates.
Wall Street indexes lose ground on final day of huge year
U.S. markets’ stellar run this year has been driven by a growing economy, solid consumer spending and a strong jobs market.
How the stock market defied expectations again this year, by the numbers
U.S. stocks soared higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. Here’s a look at some of the numbers that defined the year.
Lilly stock caught up in wave of uncertainty
After a stunning 703% run-up in price over the past five years, shares of Eli Lilly and Co. have been on a roller-coaster ride since September.
U.S. stocks fall sharply after Fed hints at just two rate cuts for 2025
The S&P 500 tumbled 2.9%, the Dow Jones Industrial Average lost 2.6%, and the Nasdaq composite dropped 3.6%.
Walmart’s 82% surge in stock price leaves competitors in dust
Analysts and investors are betting that further market-share gains and contributions from Walmart’s higher-margin ancillary businesses will extend the stock’s rally.
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.
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.