Drops for Eli Lilly and other influential companies are weighing on U.S. indexes Tuesday, even though most of the market is rising following an encouraging update on inflation. The S&P 500 was down 0.

BMO Capital Markets forecasts the S&P 500 will reach 6,700, reflecting a gain of 13.2%. Chief investment strategist Brian Belski said he and his team "remain resolutely bullish," but expect "performance and fundamentals will more closely match the historical norms -- namely, in the high-single digit/low-double-digit percentage range in 2025."

A soft finish to 2024 still left stocks with a second straight stellar year. The S&P 500 logged a 23.3% gain, which follows a 24% rise in 2023. The combined gains of more than 53% was the largest two-year percentage jump for the index since year-end 1998,

U.S. stocks fell Friday on worries that good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high. Stocks took their cue from the bond market,

TOKYO — (AP) — Asian shares mostly rose Tuesday, deriving optimism from rising technology stocks on Wall Street, led by Nvidia.

Stock indexes closed mostly lower on Wall Street on the final day of another record-setting year. The S&P 500 slipped 0.4% Tuesday, but still managed to rack up a gain of 23.3% for the year, its second straight year with gains of more than 20%.

U.S. stock indexes were split as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies.

Most U.S. stocks are rising on Tuesday following an encouraging update on inflation, but drops for Eli Lilly and some other influential companies are keeping indexes in check. The S&P 500 was 0.1% higher in morning trading,

Wall Street's largest public companies are regularly shuffled over time. Although Nvidia has benefited immensely from the artificial intelligence (AI) revolution, it may be fighting a losing battle against history.