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News  ›  Benzinga

Stocks Rebound, Eli Lilly Jumps To 14-Month Highs: What's Moving Markets Wednesday?

Benzinga Logo Benzinga By Piero Cingari
Stocks Rebound, Eli Lilly Jumps To 14-Month Highs: What's Moving Markets Wednesday?

Wall Street rebounded on Wednesday after Tuesday's tech stock selloff, with markets showing resilience amid signs of potential Federal Reserve interest rate cuts and solid corporate earnings.

Insights
HNI   neutral

Merging with Steelcase, Inc. with shareholders expected to own 64% of combined company, suggesting a balanced corporate transaction


LLY   positive

Extended post-earnings rally for five consecutive sessions, reaching 14-month highs