Bankers winners on volatile US stock market

The pillars pointed upwards in Tuesday's initial trading on the American stock exchanges since a new report showed that the producer price inflation was lower than expected in December.

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Bankers winners on volatile US stock market
Photo: Richard Drew/AP/TT

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But then the leading indexes both fell and rose during the day – to diverge in different directions at the close. The broad S&P 500 index rose 0.1 percent and the Dow Jones industrial index increased 0.5 percent, while the Nasdaq's technology-heavy composite index fell 0.2 percent.

Among the winners were some of the major banks. Bank of America and Goldman Sachs rose 1.6 percent and 1.5 percent, respectively.

On the other hand, the pharmaceutical company Eli Lilly went in the opposite direction. The company announced that revenue for the last quarter of last year would be lower than expected, and the stock fell 6.6 percent. Competitor Moderna, which plummeted almost 17 percent on Monday, also continued to fall, now by 2.0 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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