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Updated from 11:43 a.m. EDT
Positive earnings news out of Johnson & Johnson (JNJ Quote) was leading the headlines on the Dow Jones Industrial Average and among health care stocks Tuesday.
Johnson & Johnson said first-quarter earnings fell to $2.6 billion, or 88 cents a share, from $3.3 billion, or $1.10 a share, a year ago. However, adjusted results topped the Thomson First Call analysts' consensus of $1.05 a share, and J&J was higher by $1.53, or 2.4%, at $64.55.
Other pharmaceutical stocks lost ground. Wyeth (WYE Quote) was off 0.8%, Merck (MRK Quote) was down 0.6%, and Pfizer (PFE Quote) dipped 0.2%. ...
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