Today: 3 April 2026
Browse Category

HKG:1099 31 January 2026

Healthcare stocks hold up as Lilly’s $3.5 billion plant plan hits tape; biotech bruised

Healthcare stocks hold up as Lilly’s $3.5 billion plant plan hits tape; biotech bruised

Eli Lilly shares rose 1.3% after announcing a $3.5 billion Pennsylvania plant for obesity drugs, helping the Health Care Select Sector SPDR Fund gain 0.6% as the S&P 500 fell. Biotech lagged, with Corcept Therapeutics dropping 10.6% after an FDA rejection. Thermo Fisher slid 2.3% on weak profit guidance. Stryker jumped 4.3% after raising its outlook.

Stock Market Today

  • Dollar Rises Amid Iran Conflict Fears and Strong U.S. Economic Data
    April 3, 2026, 7:19 AM EDT. The U.S. dollar index climbed 0.36% on Thursday, propelled by a drop in equity markets and heightened demand for safe-haven assets after President Trump's remarks on a possible prolonged Iran war. Better-than-expected U.S. economic data, including a decline in weekly jobless claims to 202,000 and a narrower February trade deficit of $57.3 billion, further supported the dollar. Meanwhile, the euro fell 0.45% due to a stronger dollar and rising crude oil prices, which put pressure on the energy-dependent Eurozone economy. The yen weakened against the dollar, with USD/JPY rising 0.49%, amid similar concerns. Precious metals like gold and silver dropped sharply, weighed down by the stronger dollar and inflationary pressures from rising oil prices, potentially prompting tighter monetary policies globally.
Go toTop