Health Care Underperforms as Lilly Slumps: S&P 500 Sector Wrap

The S&P 500 Index struggled for direction, closing down less than 0.1% on Thursday, while Treasuries fell after a sale of 30-year bonds showed weak demand for longer-term debt.

The Nasdaq 100 gained 0.3% while the Russell 1000 declined 0.07%. The US 10-year Treasury yield rose 1 basis point to 4.24%.

Health-care stocks underperformed the market, with Eli Lilly having its worst day in almost 25 years weighing on the sector amid disappointing data on its new weight-loss pill.

Utilities outperformed as NRG Energy rallied from its biggest drop since 2022, and Atmos Energy gained after boosting its full-year earnings ...