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How major US stock indexes fared Wednesday, 11/8/2023

  • 📰 AP
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Stocks drifted to another mixed close as Wall Street continues to recalibrate following its sharp recent swings. The S&P 500 edged up 0.1% Wednesday, its third straight day of quiet trading. The Dow slipped 40 points, and the Nasdaq composite rose 0.1%. Eli Lilly jumped after getting U.S.

The S&P 500 edged up 0.1% Wednesday, its third straight day of quiet trading. The Dow slipped 39 points, and the Nasdaq composite rose 0.1%.

Eli Lilly jumped after getting U.S. approval for a weight-loss drug, while Warner Brothers Discovery sank after reporting a worse loss for the last quarter than expected. The 10-year Treasury yield eased, which helped to calm financial markets broadly. Crude oil prices continued to slump further and are back to where they were in July.General Motors tells AP it is only interested in entering Formula One with Andretti GlobalThe Nasdaq composite rose 10.56 points, or 0.1%, to 13,650.41.

 

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