MNI BRIEF: Powell Says US Is 'Far' From Fiscal Dominance

MNI BRIEF: US Firms Wary of Tariff-Related Inflation - Fed

MNI: US NOV FINAL SRVCS PMI 56.1 (FLASH 57.0); OCT 55.0

MNI NBP WATCH: Rates Held, Outlook Unchanged

MNI BRIEF: Barkin Aims For 'Somewhat Restrictive' Fed Rates

MNI China Daily Summary: Wednesday, Dec 4

EZ/UK Bond Supply Calendar: Spain, France Auction, UK Tender

US EIA: CRUDE OIL STOCKS EX SPR -5.07M TO 423.4M NOV 29 WK

MNI: US ISM NOV SERVICES COMPOSITE INDEX 52.1

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

J&J Drags on Dow, DJIA Underperforms

EQUITIES
  • Markets read concern into Johnson & Johnson's decision to delay and stall the rollout of their COVID-19 vaccine across Europe, with the US CDC also deciding to pause the jab's use domestically over blood-clotting concerns.
  • In response, the three main US indices slipped sharply alongside J&J shares, which fell as much as 3% and dragged on the Dow Jones Industrial Average, which traded lower against minor gains for the S&P 500 and NASDAQ. Utilities, consumer discretionary and tech outperformed, while financials and industrials lagged.
  • The e-mini S&P wholly erased the initial vaccine-induced dip, which was preceded by a new all time high, keeping the recent run of strength very much in tact. The index trades with month-to-date gains of close to 4%.
  • Earnings season kicks off materially Wednesday, with JPMorgan, Goldman Sachs and Wells Fargo all reporting.
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.