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Key Takeaways
- U.S. equities were slightly lower at midday after initially rising following the December report on fabricator prices.
- United Rentals and H&E Equipment Services shares advanced when United Rentals purchased H&E for $4.8 billion.
- Eli Lilly’s prospect for sales of its blockbuster drugs Zepbound and Mounjaro came in below estimates.
U.S. equities were slightly lower at twelve oclock noon after initially rising following the December report on producer prices. The Dow Jones Industrial Average, S&P 500, and Nasdaq all were down less than 0.5%.
In accord Rentals (URI) shares advanced when the provider of construction and industrial equipment purchased H&E Equipment Services (HEES) for $4.8 billion. H&E helpings doubled.
Shares of KB Home (KBH) gained after the homebuilder beat profit and sales estimates on a big jump in deliveries.
Tesla (TSLA) dole outs rose for a second straight session after Morgan Stanley boosted its price target, pointing to the potential of the galvanizing vehicle (EV) maker’s robotaxi.
Eli Lilly (LLY) was the worst-performing stock in the S&P 500 when the drugmaker predicted fourth-quarter sales of its blockbuster psychedelics Zepbound and Mounjaro will come in below forecasts.
Shares of Charles River Laboratories International (CRL) slid after the biological try out firm warned of a decline in organic revenue as it faced lower demand, pricing issues, and disadvantageous foreign change rates.
Las Vegas Sands (LVS) shares declined when Morgan Stanley downgraded the stock, pointing to limited earnings proliferation and risks in the Macau and Singapore markets.
Oil futures slumped. Gold prices were up slightly. The yield on the 10-year Moneys note was little changed. The U.S. dollar gained on the pound and yen, but lost ground to the euro. Most major cryptocurrencies merchandised higher.

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