Provided by Dow Jones
By Anna Hirtenstein U.S. stocks wobbled Tuesday as investors tried to gauge the impact of a halt in rolling out Johnson & Johnson vaccines and an uptick in inflation. The S&P 500 wavered between gains and losses after the opening bell. The broad market index on Monday was hovering near its recent record closing high. The Dow Jones Industrial Average inched down 0.3%. The technology-heavy Nasdaq Composite climbed 0.5%. 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.
Provided by Dow Jones
By Anna Hirtenstein U.S. stocks wobbled Tuesday as investors tried to gauge the impact of a halt in rolling out Johnson & Johnson vaccines and an uptick in inflation. The S&P 500 opened less than 0.1% higher after futures on the index wavered between gains and losses. The broad market index on Monday was hovering near its recent record closing high. The technology-heavy Nasdaq-Composite Index climbed 0.4%, while the Dow Jones Industrial Average fell 0.2%. 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.
ASX to rise, S&P 500 resets record, bitcoin surges
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Australian shares are set to open higher with the S&P 500 resetting yet again its record high, this time amid concerns the US vaccination pace may slow because of a pause in using Johnson & Johnson’s one-shot vaccine.
In addition, US consumer prices rose relatively moderately last month, albeit modestly ahead of expectations. Still, the data helped ease concerns about a potential spike in inflation near term. The yield on the US 10-year yield retreated 5 basis points to 1.61 per cent in New York.
ASX futures were up 19 points or 0.3 per cent to 6971 near 7am AEST. The currency rose and was near US76.50¢.
Provided by Dow Jones
By Anna Hirtenstein and Amber Burton U.S. stocks 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 Dow Jones Industrial Average inched down 0.4%, stung by a 2% fall in J&J shares. The S&P 500 ticked up 0.2%, hovering near its recent record closing high. The technology-heavy Nasdaq Composite climbed 0.8%. 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.
LONDON OPEC on Tuesday raised its forecast for growth in world oil demand this year on hopes the pandemic will subside, providing help for the group and its…