U.S. stock markets experienced a rise following a positive update on inflation, although some notable drops, particularly from Eli Lilly and a few other significant shares, tempered the gains.

The S&P 500 saw a modest increase of 0.1% on Tuesday, with three out of four of the stocks in this index recording gains. The Dow Jones Industrial Average rose by 0.5%, while the Nasdaq composite experienced a slight decline of 0.2%.

Support for the markets came from a report indicating that inflation at the wholesale level in the country was lower than anticipated for the previous month. However, shares of Eli Lilly negatively impacted the overall market after the company revealed that the growth of several of its leading products was not meeting expectations.

On Tuesday’s market performance:

The S&P 500 climbed 6.69 points, amounting to an increase of 0.1%, closing at 5,842.91.

The Dow Jones Industrial Average gained 221.16 points, equivalent to a rise of 0.5%, reaching 42,518.28.

Conversely, the Nasdaq composite fell by 43.71 points, or 0.2%, finishing at 19,044.39.

The Russell 2000 index, which includes smaller companies, advanced by 24.83 points, representing a 1.1% increase, closing at 2,219.24.

Looking back at the week’s performance so far:

The S&P 500 has increased by 15.87 points, or 0.3%.

The Dow has gained 579.83 points, equating to a 1.4% rise.

The Nasdaq has decreased by 117.24 points, or 0.6%.

The Russell 2000 index shows an increase of 30 points, or 1.4%.

Year-to-date statistics reveal the following:

The S&P 500 is down by 38.72 points, representing a decline of 0.7%.

The Dow has decreased by 25.94 points, equivalent to a 0.1% drop.

The Nasdaq has seen a fall of 266.40 points, amounting to a downturn of 1.4%.

Lastly, the Russell 2000 index is down 10.92 points, reflecting a decrease of 0.5%.