The Nasdaq closed at a record high on Tuesday and was steady early Wednesday. Dow stockweighed on the 30-stock average, which was in the red. The heavy equipment maker missed on earnings and cut guidance.
Bond yields remained lower despite the ADP's monthly report on hiring at U.S. companies more than doubled estimates with 233,000 jobs added in October. The government said the U.S. economy grew at a 2.8% pace in the third quarter. That was slower than expected.Eli Lillyon disappointing sales of its weight loss drug Zepbound and diabetes treatment Mounjaro. Demand has been far outpacing supply, forcing Lilly to invest billions to increase manufacturing.
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