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The U.S. stock market benchmarks the S&P 500 and the NASDAQ Composite Index closed higher on Tuesday, April 13, 2020, while the Dow Jones Industrial Average lost 68 points. Investors seemed to weigh in the impact of pausing Johnson & Johnson’s COVID vaccine and higher inflation reported for the month March.
The S&P 500 grew 0.33 percent to 4,141.59 and the NASDAQ Composite Index surged 1.05 percent to 13,996.10. The Dow Jones slipped 0.20 percent to 33,677.27 while the small-cap Russell 2000 was down 0.22 percent to 2,228.92.
The U.S. Centers for Disease Control and Prevention, and the Food and Drug Administration recommended pausing Johnson & Johnson’s coronavirus vaccine following six cases of a rare and severe type of blood clot that was reported in individuals who took the vaccine in the U.S. The drug giant said it is aware of the blood clot issue and will proactively delay the vaccine rollout in the Europe.
The U.S. consumer price index surged 2.6 percent during the year ended March, according to the data from the U.S. Bureau of Labor Statistics. The increase in the inflation figure is the highest since August 2018. In March, the all price index rose 0.6 percent from February as the gasoline index registered 9.1 percent growth.
South Asian ride-hailing company Grab unveiled its plans to become public on NASDAQ through a merger with special purpose acquisition company Altimeter Growth Corp., valuing the company at US$39.6 billion. The merged company will trade under the symbol GRAB in the coming months.
©Kalkine Group 2021.
Top Gainers
Top performers on S&P 500 were Tesla Inc. (8.60%), Danaher Corp. (3.41%), West Pharmaceutical Services Inc. (3.20%) and NVIDIA Corp. (3.09%).
Mackinac Financial Corp. (60.67%), Novocure Ltd. (49.63%), vTv Therapeutics Inc. (33.85%) and Plby Group Inc. (23.01%) were top performers on NASDAQ.
On Dow Jones, Apple Inc. (2.43%), Boeing Co. (1.50%), Salesforce.Com Inc. (1.42%) and Microsoft Corp. (1.01%) gained the most.
Top Losers
Top laggards on S&P 500 were Franklin Resources Inc. (5.25%), PVH Corp. (4.25%), Synchrony Financial (3.92%) and Micron Technology Inc. (3.60%).
Avenue Therapeutics Inc. (23.77%), Adapthealth Corp. (19.74%), Lucira Health Inc. (18.52%) and Greenbox Pos (17.85%) were among the top losers on NASDAQ.
On Dow Jones, International Business Machines Corp. (2.53%), Nike Inc. (2.27%), Johnson & Johnson (1.34%) and Procter & Gamble Co. (1.32%) were laggards.
Image Source: EODHD/Others, S&P 500 April 13, 2021 price chart
Volume Movers
Top volume movers are vTv Therapeutics Inc. (18.42M), Sundial Growers Inc. (17.96M), Apple Inc. (17.73M), Castor Maritime Inc. (12.26M), AT&T Inc. (9.83M), General Electric Co. (9.77M), Bank of America Corp. (9.08M), Ford Motor Co. (9.05M) and Advanced Micro Devices Inc. (8.55M)
Futures & Commodities
Gold futures were up 0.76 percent on Tuesday to US$ 1,745.85 per ounce. Silver rose 2.17 percent to US$ 25.407 per ounce while copper grew 0.48 percent to US$ 4.0377.
Brent oil futures inched up 0.96 percent to US$ 63.89 per barrel and WTI crude gained 1.17 percent to US$60.39 per barrel.
Bond Market
The 30-year Treasury bond yields fell 2.14 percent to 2.298 on Tuesday while the 10-year bond yields dropped 3.56 percent to 1.616.
US Dollar Futures Index was down 0.34 percent on April 13 to US$ 91.835.
