The market shrugged off this mornings news that the FDA is going to pause the Johnson and Johnson COVID vaccine to look into 6 cases of reported blood clots. J&J is a minor player in the vaccine effort and the blood clots have been found in less than 1 person per million vaccinated but the news still weighed on the 30 stock Dow. J&J stock was modestly lower on the day.
At the close: the 8th all-time high in 9 days for the widely followed S&P 500
In corporate news shares of Bitcoin hit a new all-time high today ahead of the public debut of the world largest cryptocurrency exchange Coinbase that will take place tomorrow morning on the NASDAQ and should be one of the hottest IPOs this year. FedEx is up 140% in the last 12 months and edged higher today after KeyBanc raised the stock to a buy rating. Bank stocks were weaker ahead of earnings.
U.S. stocks rose on Friday as better-than-expected third-quarter earnings reports...
Stocks closed up today after a slew of earnings results...
Stocks closed up today as investors digested new earnings data...
Over the past few months, we have been pointing out...
The S&P 500 was on a 6-month 18% winning streak...
July has historically been the best month of the year...
