U.S. stocks traded mixed midway through trading, with the Nasdaq Composite falling over 100 points on Wednesday.The Dow traded up 0.79% to 54,514.16 while the NASDAQ fell 0.44% to 26,467.77. The S&P 500 also fell, dropping, 0.07% to 7,731.26.Leading and Lagging SectorsMaterials shares jumped by 2% on Wednesday.In trading on Wednesday, energy stocks fell by 1.1%.Top HeadlineEli Lilly And Co (NYSE:LLY) shares gained over 5% on Wednesday after the company reported better-than-expected second-quarter financial results.Eli Lilly reported quarterly earnings of $8.38 per share which beat the analyst consensus estimate of $6.01 per share. The company reported quarterly sales of $22.974 billion which beat the analyst consensus estimate of $20.725 billion.Equities Trading UP Equities Trading DOWNCommoditiesIn commodity news, oil traded down 0.4% to $75.46 while gold traded up 2.5% at $4,254.50.Silver traded up 3.5% to $62.355 on Wednesday, while copper rose 0.5% to $6.6770.Euro zoneEuropean shares were mostly higher today. The eurozone’s STOXX 600 gained 0.2%, while Spain’s IBEX 35 Index rose 0.2% London’s FTSE 100 gained 0.2%, Germany’s DAX gained 0.2%, while France’s CAC 40 slipped 0.01%.Asia Pacific MarketsAsian markets closed higher on Wednesday, with Japan’s Nikkei 225 gaining 3.66%, Hong Kong’s Hang Seng index rising 0.24%, China’s Shanghai Composite rising 1.47% and India’s BSE Sensex rising 0.19%.Economics
Nasdaq Falls Over 100 Points; Eli Lilly Shares Gain On Upbeat Earnings - Eli Lilly (NYSE:LLY), Digital Tu
Stocks mixed as Nasdaq falls 100 points, Dow rises .79%. Eli Lilly beats earnings estimates, Digital Turbine surges 43%, oil down .4%, gold up 2.5%
Nasdaq falls to 26,467 (-0.44%), but Eli Lilly gains over 5% post-earnings: EPS $8.38 vs $6.01 consensus, sales $22.974B vs $20.725B. For IT managers: strong earnings delivery attracts capital even as broad Nasdaq weakens.






