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Dow Closes Lower, S&P Rises to Record

Provided by Dow Jones By Anna Hirtenstein and Amber Burton The Dow Jones Industrial Average wobbled Tuesday as investors tried to gauge the impact of a halt in the rollout of Johnson & Johnson s Covid-19 vaccines and an uptick in inflation. The blue-chip index inched down 68.13 points, or 0.2%, to 33677.27, stung by a 1.3% fall in J&J shares. The S&P 500 ticked up 13.60 points, or 0.3%, to 4141.59, setting a record closing high. The technology-heavy Nasdaq Composite climbed 146.10 points, or 1.1%, to 13996.10. Health authorities recommended a pause in using the Johnson & Johnson vaccine following reports of blood clotting. The Food and Drug Administration and the Centers for Disease Control and Prevention are reviewing data involving six reported cases of clotting. The drugmaker said Tuesday that it would delay its vaccine rollout in Europe, which had been planned for later this month.

Oil maintains upward momentum but virus concerns cap gains | Hellenic Shipping News Worldwide

Oil maintains upward momentum but virus concerns cap gains Crude oil climbed on Wednesday after industry data showed U.S. inventories declined more than expected and OPEC raised its outlook for oil demand, but gains were capped by worries about the coronavirus and by rising supplies. Brent crude futures rose 85 cents, or 1.3%, to $64.52 a barrel by 0619 GMT, after gaining 39 cents on Tuesday. U.S. West Texas Intermediate (WTI) crude futures added 82 cents, or 1.4%, to $61 a barrel, following Tuesday’s rise of 48 cents. Signs of a strong economic recovery in China and the United States have underpinned recent price gains, but concerns over stalled vaccine rollouts worldwide and soaring COVID-19 infections in India and Brazil have slowed the market’s advance.

Oil rises on drawdown in U S oil stocks, OPEC demand outlook

Oil rises on drawdown in U.S. oil stocks, OPEC demand outlook Reuters 2 hrs ago By Sonali Paul © Reuters/Dronebase Dronebase Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Sonali Paul MELBOURNE (Reuters) - Oil prices rose in early trade on Wednesday, adding to overnight gains, after industry data showed U.S. oil inventories declined more than expected and OPEC raised its outlook for oil demand. Brent crude futures rose 28 cents, or 0.4%, to $63.95 a barrel at 0057 GMT, after climbing 39 cents on Tuesday. U.S. West Texas Intermediate (WTI) crude futures similarly climbed 28 cents, or 0.5%, to $60.46 a barrel, adding to Tuesday s rise of 48 cents.

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