Nasdaq jumps 1%, Johnson & Johnson keeps Dow down

U.S. equity markets finished mixed Tuesday after the U.S. Food and Drug Administration recommended Johnson & Johnson’s COVID-19 vaccine be paused amid blood-clotting concerns and consumer prices rose at the fastest pace in over eight years. 

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	43870.35	+461.88	+1.06%
JNJ	JOHNSON & JOHNSON	155.50	+2.39	+1.56%

The Dow Jones Industrial Average fell 68 points, or 0.2%, as a decline in Johnson & Johnson shares weighed. The S&P 500 and the Nasdaq Composite, meanwhile, rose 0.33% and 1.05%, respectively.  

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Ticker	Security	Last	Change	Change %
SP500	S&P 500	5948.71	+31.60	+0.53%
I:COMP	NASDAQ COMPOSITE INDEX	18972.420086	+6.28	+0.03%

"We are recommending a pause in the use of this vaccine out of an abundance of caution," the FDA tweeted. The recommendation comes after a rare and severe blood clot was discovered in six recipients. More than 6.8 million doses of the vaccine have been administered.

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Travel stocks, including American Airlines Group Inc., Carnival Corp. and Marriott International Inc. were mixed amid concerns a pause in the administration of Johnson & Johnson’s single-shot vaccine would stunt the reopening of the economy. 

Ticker	Security	Last	Change	Change %
AAL	AMERICAN AIRLINES GROUP INC.	14.20	-0.26	-1.80%
CCL	CARNIVAL CORP.	25.35	+0.27	+1.08%
MAR	MARRIOTT INTERNATIONAL INC.	283.44	+3.89	+1.39%

As traders sold reopening names, they put money to work in stay-at-home plays like Peloton Interactive Inc. and Zoom Video Communications Inc. 

Ticker	Security	Last	Change	Change %
ZOMM	NO DATA AVAILABLE	-	-	-
PTON	PELOTON INTERACTIVE INC.	9.06	+0.70	+8.37%

Elsewhere, shares of PayPal Holdings Inc. and Square Inc. gained for a 10th straight session ahead of the much-anticipated stock-market debut of Coinbase Inc. The cryptocurrency exchange operator will hold a direct listing on the Nasdaq on Wednesday with shares trading under the ticker COIN. 

Ticker	Security	Last	Change	Change %
PYPL	PAYPAL HOLDINGS INC.	84.82	+0.08	+0.09%
SQ	BLOCK INC.	92.78	+3.08	+3.43%

In earnings, construction equipment maker Fastenal Co. reported profit and sales that missed Wall Street estimates.  

Ticker	Security	Last	Change	Change %
FAST	FASTENAL CO.	82.36	+0.54	+0.66%

Goldman Sachs Group Inc., JPMorgan Chase & Co. and Wells Fargo & Co. will report their quarterly results ahead of Wednesday’s opening bell. 

Ticker	Security	Last	Change	Change %
GS	THE GOLDMAN SACHS GROUP INC.	596.11	+14.18	+2.44%
WFC	WELLS FARGO & CO.	74.83	+1.25	+1.70%
JPM	JPMORGAN CHASE & CO.	244.76	+3.98	+1.65%

Economic data out Tuesday showed consumer prices rose 0.6% month over month in March, making for the fastest increase since August 2012. Prices increased 2.6% annually. The readings were hotter than the 0.5% and 2.5% increases that economists were expecting.   

In commodities, West Texas Intermediate crude oil climbed 48 cents to $60.18 per barrel and gold rallied $15 to $1,746.20 an ounce. 

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Overseas markets were mostly higher. 

France’s CAC 40 led the advance in Europe, trading up 0.36% while Germany’s DAX 30 and Britain’s FTSE 100 added 0.13% and 0.02%, respectively. 

In Asia, Japan’s Nikkei 225 rose 0.72%, Hong Kong’s Hang Seng edged up 0.15% and China’s Shanghai Composite index lost 0.48%.