Stocks Rally on Positive Jobless Claims and Eli Lilly Earnings

The stock market rose midday Thursday due to positive economic news and strong earnings reports from some companies. Eli Lilly`s stock surged after exceeding expectations, driven by sales of weight-loss drugs. Conversely, McKesson`s shares fell short of revenue projections due to supply chain problems affecting weight-loss drug availability. Other notable stock movements included gains for Parker-Hannifin and Zillow, while Monster Beverage and Bumble experienced declines. The value of the US dollar saw mixed results against other major currencies.