2 Drug Stocks Climbing on FDA Buzz

However, the DJI is off its session highs

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MIDDAY MARKET CHECK     4/16/2019
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Blue-Chip Earnings, Dovish Fed Lift Dow By Lillian Currens Share On The Dow Jones Industrial Average (DJI) is off its intraday highs, but remains comfortably above breakeven, with help from blowout earnings from Johnson & Johnson (JNJ). However, while UnitedHealth Group (UNH) stock initially moved higher after earnings, it's now the worst blue chip at midday, as health insurers sink on concerns about proposed changes to the industry rebate system. Elsewhere, dovish comments from Federal Reserve officials are also boosting stocks. Against this backdrop, the S&P 500 Index (SPX) and the Nasdaq Composite (IXIC) are higher as well.  Continue reading for more on today's market, including:  Goldman has high hopes for this tech company's earnings.  2 drug stocks climbing on FDA buzz.  Plus, calls are hot on McDermott contract; RNN stock soars; and the biotech tanking on drug data.  >> Continue reading...
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