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Stocks Gain as CPI Bump, Vaccine Pause Downplayed: Markets Wrap

Stocks Gain as CPI Bump, Vaccine Pause Downplayed: Markets Wrap This content was published on April 13, 2021 - 15:23 April 13, 2021 - 15:23 (Bloomberg) U.S. equities reached record highs with growth shares outperforming so-called value stocks as investors bet that a higher-than-forecast rise in inflation won’t be enough to slow economic stimulus measures. The S&P 500 touched an all-time high even after the U.S. recommended pausing Johnson & Johnson vaccines amid health concerns. The tech-heavy Nasdaq 100 also hit a record while the Dow Jones Industrial Average fell. Consumer prices rose more than expected last month but investors speculated the acceleration was not fast enough to warrant any Federal Reserve policy change. That kept Treasury yields largely in place.

Nasdaq leads as Johnson & Johnson weighs on Dow, S&P

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