Eli Lilly, GE HealthCare, 3M, and More

U.S. equities fell at midday in the last trading day of the month following the latest earnings news and a report showing employment costs rose more than expected in the first quarter. The Dow, S&P 500, and Nasdaq were all lower.

Shares of GE HealthCare Technologies (GEHC) sank after first-quarter earnings and revenue at the health tech firm spun off of General Electric (GE) were lower than anticipated as sales at three of its four main business segments declined.

F5 (FFIV) shares sank as the multi-cloud services provider warned that customers were remaining cautious about spending.

3M (MMM) shares gained after the multinational conglomerate posted better-than-anticipated profit and sales, and announced a change to its dividend following the spinoff of its Solventum (SOLV) heath care unit.

Shares of Corning (GLW) jumped as the maker of specialty glass said it was seeing encouraging signs of improving market conditions.

Eli Lilly (LLY) shares took off on soaring sales of its diabetes and weight-loss drugs, Mounjaro and Zepbound. 

Oil and gold futures slid. The yield on the 10-year Treasury note advanced. The U.S. dollar gained on the euro, pound, and yen. Prices for most major cryptocurrencies declined.