Investors digested inflation data ahead of the release of big US bank earnings results on Wednesday. US consumer prices rose by the most in more than 8 years in March. The Dow Jones index fell after the US Food and Drug Administration recommended pausing Johnson & Johnson’s (-1.3%) Covid-19 vaccines after reported cases of blood clotting. Shares of rival Moderna (+7.4%) jumped. American Airlines (-1.5%) and Avis Budget (-1.0%) shares both fell. But Apple (+2.4%), Microsoft (+1.0%), Paypal (+2.4%) and Tesla (+8.6%) shares all climbed. The Dow Jones index closed down by 68 points or 0.2%, but the S&P 500 index rose by 0.3% to a record closing high. And the Nasdaq index added 146 points or 1.1%.
Morning Report: US sharemarkets were mixed on Tuesday
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