NEW YORK — Eli Lilly & Co. shares jumped more than 6.5 percent after the pharmaceutical company reported second-quarter earnings and revenue that beat analyst expectations.
Options markets had priced in a 5.5 percent move around the report. Benzinga Pro data indicated the stock could swing $65.9 billion in market capitalization on the announcement. The results cleared that bar.
Nvidia also rose, extending its lead in the AI chip market. The company has posted strong revenue growth over recent quarters driven by demand for its AI hardware, and its products underpin a large share of global AI infrastructure buildout.
Financial platforms have used Nvidia's profile to attract new users, with some offering up to $1,000 in NVDA stock as an incentive for account openings.
Walt Disney Co. was also cited by analysts as drawing investor attention based on its brand strength and predictable business model.
The Dow Jones Industrial Average gained more than 250 points, its fifth consecutive winning session. The Nasdaq Composite rose 1.3 percent to 26,691. The S&P 500 gained 0.6 percent to 7,758. The Russell 2000 rose 1.1 percent to 3,034.
