NEW YORK (AP) — U.S. stocks are rallying Friday to more than halve their losses in what had been one of their worst weeks of the year.
The S&P 500 jumped 1.8% and was on track for its best day in six weeks. The Dow Jones Industrial Average was up 761 points, or 1.8%, as of 11:45 a.m. Eastern time, and the Nasdaq composite gained 1.8%.
Eli Lilly was one of the strongest forces lifting the market after a rival, Novo Nordisk, gave an update on a potential weight-loss treatment that analysts said fell short of expectations.