BMY Flat Despite Upgrade

The Dow is off more than 100 points

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Schaeffer's Midday Market Check
4/13/2021
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Stocks Mixed Following JNJ Vaccine Update, Inflation Data


By: Jake Scott

The major benchmarks are mixed this afternoon, after Johnson & Johnson's (JNJ) vaccine rollout was halted due to blood clotting issues, offsetting investors' optimism surrounding upbeat March inflation data. At last check, the Dow Jones Industrial Average (DJI) is down 97 points, while the S&P 500 Index (SPX) is modestly higher -- earlier managing to notch a new intraday peak. Elsewhere, the Nasdaq Composite (IXIC) boasts notable gains, thanks to rises from major tech names like Apple (AAPL), Amazon.com (AMZN), and Tesla (TSLA).

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

  • What pushed this travel stock near record highs.
  • A bull note from Truist Securities is helping BMY inch higher.
  • Plus, CAN's options pits swell after earnings; Novocure jumps on upbeat trial data; and M&A news sinks one financial stock.
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