Dow edges up as Lilly, Super Micro earnings cushion software jitters
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Lilly Biotechnology Center is shown in San Diego, California, U.S. March 1, 2023 after Eli Lilly and Co on Wednesday said it will cut list prices by 70% for its most commonly prescribed insulin products, Humalog and Humulin, beginning from the fourth quar
Feb 4 (Reuters) - The S&P 500 opened largely flat and the Dow marginally higher on Wednesday, following upbeat results from Eli Lilly and Super Micro Computer, while investors avoided big bets on software and cloud stocks after a bruising selloff in the previous session.
At 09:30 a.m. ET, the Dow Jones Industrial Average rose 175.92 points, or 0.40%, to 49,439.32, the S&P 500 gained 2.91 points, or 0.04%, to 6,920.72 and the Nasdaq Composite lost 63.55 points, or 0.27%, to 23,191.63.
(Reporting by Pranav Kashyap in Bengaluru; Editing by Shinjini Ganguli)
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