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Nvidia Rallies and Centene Falls as Shutdown Nears End, Eli Lilly Gains
Description
On this episode of Stock Movers:
- Nvidia (NVDA) rallied along with other US stocks as investors expressed optimism that lawmakers were nearing a deal to end the government shutdown. The tech-heavy Nasdaq 100 Index rose 2.0% as hopes of an agreement helped advance several sectors.
- Eli Lilly (LLY) shares gained as much as 6.2% to hit a record high, after Leerink Partners upgraded the pharmaceutical company to outperform from market perform. Eli Lilly also said it entered an AI-powered research and licensing pact.
- Centene (CNC), Molina (MOH), and shares of other US health-care insurers and hospitals are falling as lawmakers draw closer to ending the government shutdown without securing an extension of Affordable Care Act subsidies.
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