Midday Wrap: Here's Why Johnson & Johnson Is Bucking Dow Selloff

Author:
Publish date:
Video Duration:
0

Dow dropped more than 300 points on Tuesday and followed that up with a 450 point and counting drop Wednesday.

All three major averages are down at least 1% each as the fallout from the disappointing manufacturing numbers that were reported Tuesday continue to take their toll.

United Health (UNH) - Get Report and Johnson & Johnson (JNJ) - Get Report were the only two stocks still in the green on the blue chip index. JNJ shares were rising after the company reached a tentative $20.4 million settlement that removes it from the first federal lawsuit filed against opioid manufacturers.

While the settlement allows the company to avoid the trial, the terms of the settlement states that Johnson & Johnson does not admit to any liability.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM

Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud

Catch Up: Today's Top News Videos Below