China Commerce Minister Skips APEC Opening Trade Representative Cites Urgent Official Business Dow Leads Gains as Consumer Staples and Discretionary Offset Energy Weakness EU Downgrades 2026 Growth Forecast as Strait of Hormuz Crisis Drives Energy Inflation Eli Lilly Reports Strong Q1 2026 Earnings Raises FullYear Guidance on Mounjaro Momentum and GLP1 Demand US Stock Futures Bond Yields Decline After Reports Putin Updated Nuclear Doctrine Novartis Raises FullYear Sales and Profit Guidance Amid Strong Drug Performance Market Downturn Strategies Identifying Potential Defensive Stock Opportunities