Stock Market Update
26-May-26 12:35 ET
Eli Lilly moves higher, health care sector lags
Dow -93.29
at 50486.41,
Nasdaq +268.48
at 26633.45,
S&P +43.43
at 7516.90
[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+0.8%), and DJIA (-0.2%) continue to trade mostly higher just after midday.
Eli Lilly (LLY 1081.34, +16.34, +1.53%) trades higher today after the company announced agreements to acquire three companies: Curevo, LimmaTech Biologics AG (LimmaTech Biologics), and Vaccine Company, which expand its research and development efforts into infectious diseases. The transactions advance Lilly's strategy of investing in differentiated technology platforms to address significant health problems.
The stock is one of the best-performing components of the health care sector (-0.5%), which lags amid broad weakness across its other components.
