The US markets ended mostly higher on Tuesday despite the US Food and Drug Administration announced a temporarily halt on the usage of Johnson & Johnson's (JNJ) Covid-19 vaccine after six recipients developed a rare blood clotting disorder. Right now, these adverse events appear to be extremely rare, the FDA said in a joint statement with the Centers for Disease Control and Prevention. ‘COVID-19 vaccine safety is a top priority for the federal government, and we take all reports of health problems following COVID-19 vaccination very seriously.’
On the economic front, data released by the Labor Department showed annual inflation rate in the US jumped to 2.6 percent in March, from 1.7 percent in February. Street had expected inflation rate to come in at 2.7 percent. Core price inflation rose to 1.6 percent year-on-year in March, following a 1.3 percent advance in the previous month. The Consumer Price Index rose 0.6 percent in March over the previous month, the most since 2012, due largely to the rise in gasoline prices.
Nasdaq rose 146.1 points or 1.05 percent to 13,996.1 and S&P 500 was up by 13.6 points or 0.33 percent to 4,141.59, while Dow Jones Industrial Average fell 68.13 points or 0.2 percent to 33,677.27.
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