While you were sleeping Pfizer, Eli Lilly lift mood

Tue, 29 Jan 2013

By Margreet Dietz Jan 30 (BusinessDesk) - Better-than-expected profit outlooks from drug makers Pfizer and Eli Lilly bolstered Wall Street, while a rise in US home prices also underpinned optimism that the economic recovery is kicking into gear. Shares of Pfizer gained, last up 3.1 percent, after the company predicted 2013 profit that surpassed expectations. So did Eli Lilly, boosting its shares 3.8 percent. Of the 174 companies in the S&P 500 that have reported earnings this season, 68.4 percent have been above analyst expectations, accordi...

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