AllMarket Update
logoArgusApril 13, 2021

Market Update: BAX, NVDA, VTR

Sector(s)
Technology, Real Estate, Healthcare
Summary

Stocks were mixed on Tuesday morning, with gains in the Technology and Consumer Discretionary sectors and losses in Financials and Industrials. Johnson & Johnson shares fell nearly 3% after the FDA and the CDC recommended a halt in the use of the company's coronavirus vaccine on reports of a rare blood clot disorder in six U.S. recipients. Approximately 7 million people in the U.S. have already received the one-shot J&J vaccine. On the economic front, the Labor Department reported a strong increase in consumer prices in March. The CPI rose 0.6% last month, up from 0.4% in February and above the Reuters consensus forecast of 0.5% growth. The Dow fell 0.3%, the S&P rose 0.1%, and the Nasdaq rose 0.7%. Crude oil traded near $60 per barrel, while gold rose $11 to $1744 per ounce.

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