Most U.S. stocks rose Tuesday following an encouraging update on inflation, though drops for Eli Lilly and other influential stocks kept indexes in check. The S&P 500 rose 0.1% as three out of every four stocks in the index climbed.

Investors are weighing what a reported gradual rollout of Trump tariff hikes could mean for inflation and the Fed.

Cool wholesale inflation numbers provide only slight relief before Wednesday's release of December Consumer Price Index data.