U.S. stocks on the move: WW Grainger, Eli Lilly, Super Micro
SPY•U.S. stocks rose, with the Dow up 2.03%, the S&P 500 up 1.56% and the Nasdaq up 2.16% at 10:30 EST. WW Grainger and Super Micro rose after raising outlooks, while Eli Lilly climbed after rival Novo raised its 2026 outlook.
1. Major indexes rise
U.S. stocks rose on Wednesday as investors bet that a divided Washington after the Democrats' midterm sweep could limit sharp policy shifts. At 10:30 EST, the Dow was up 2.03% at 52,838.04, the S&P 500 was up 1.56% at 7,686.89, and the Nasdaq Composite was up 2.16% at 25,920.03.
2. Company shares move
WW Grainger rose after raising its annual profit forecast and beating quarterly estimates. Super Micro Computer gained after raising its outlook and reporting first-quarter results above expectations, while Eli Lilly climbed after rival Novo raised its 2026 outlook.
3. Gainers and decliners
Block, Zimmer Biomet and Stanley Black & Decker were the S&P 500's top percentage gainers, while Fidelity National Information Services, Trimble and Comfort Systems USA were its biggest losers. Data center stocks were under pressure as concerns about tighter AI regulation weighed.
