2 Stocks Slipping From Highs

The Nasdaq ended the day with triple-digit gains

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Schaeffer's Market Recap
4/13/2021
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SPX Hits Record Close as Investors Digest Inflation Data


By: Laura McCandless

The Dow closed 68 points lower today, as blue-chip stock Johnson & Johnson's (JNJ) vaccine distribution pause weighed on sentiment, with six reported cases of blood clots in patients post-inoculation. On the flip side, the S&P 500 rose to a new record close, while the Nasdaq finished the day with triple-digit gains. Investors have been unpacking higher-than-anticipated inflation data, after the consumer price index (CPI) rose 0.6% from last month and 2.6% year-over-year -- its highest in two and a half years. According to the Federal Reserve, the uptick is likely temporary, which would help the Fed's current plan to keep monetary policy the same.

Continue reading for more on today's market, including:

  • 3M stock labeled a "catalyst call" sell ahead of earnings. 
  • Options bears target SCHW as it slips from recent highs.  
  • Plus, CL's recent earnings history; BMY receives a bull note; and the travel name trading near highs. 
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