The call for pause in vaccine distribution comes after six recipients developed a rare disorder involving blood clots, with the U.S. CDC set to hold a meeting on Wednesday to review the cases.
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.
U.S. futures fell after health officials recommended a pause in the use of Johnson & Johnson’s Covid-19 vaccine amid safety issues, potentially dealing a blow to efforts to reopen the world’s largest economy.
Stocks, Bonds Rise With Inflation Concern Fleeting: Markets Wrap
This content was published on April 13, 2021 - 20:28
April 13, 2021 - 20:28
(Bloomberg) U.S. stocks climbed to record highs and bond yields fell as investors bet that a higher-than-forecast rise in inflation won’t be enough to slow economic stimulus measures.
The S&P 500 closed at an all-time high even after the U.S. recommended pausing Johnson & Johnson vaccines amid health concerns. The tech-heavy Nasdaq 100 also set a record while the Dow Jones Industrial Average finished in the red. Consumer prices rose more than expected last month but investors speculated the acceleration was not fast enough to warrant any Federal Reserve policy change. The drop in yields weighed on bank shares.