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Stocks Sink as Investors Digest Fed Statement, and Eli Lilly’s Breakthrough for Alzheimer’s 5/3/23

Stocks Sink as Investors Digest Fed Statement, and Eli Lilly’s Breakthrough for Alzheimer’s 5/3/23

FromCNBC's "Fast Money"


Stocks Sink as Investors Digest Fed Statement, and Eli Lilly’s Breakthrough for Alzheimer’s 5/3/23

FromCNBC's "Fast Money"

ratings:
Length:
45 minutes
Released:
May 3, 2023
Format:
Podcast episode

Description

Major markets closed near their lows of the day after central bank chair Jerome Powell ruled out rate cuts in the near future, as inflation remains stubbornly high. Stocks were initially volatile after the latest rate hike, but the S&P closed down 0.7%. Meanwhile, shares of Eli Lilly hit another all-time high after positive results for its Alzheimer’s drug. What it could mean for the company and investors.  Fast Money Disclaimer 
Released:
May 3, 2023
Format:
Podcast episode

Titles in the series (100)

Fast Money airs weeknights at 5p ET on CNBC. Visit http://fastmoney.cnbc.com for additional information.