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.

Wall Street will navigate a series of data releases tied to inflation this week as bond markets continue their months-long selloff.

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