Dow Jones News: Johnson & Johnson Concludes Asbestos Investigation; Analyst Sees Upside for United Technologies
The Dow Jones Industrial Average (DJINDICES: ^DJI) rebounded on Wednesday, up 0.63% at 12:25 p.m. EST. A report from Bloomberg, which suggested that the U.S. and China are close to agreeing to a roll back of tariffs as part of the first phase of a trade deal, may be contributing to the gains.
Strong performers in the Dow on Wednesday were Johnson & Johnson (NYSE: JNJ) and United Technologies (NYSE: UTX). Johnson & Johnson announced that additional testing had confirmed that its baby powder was free from asbestos, and United Technologies received a price-target increase from an analyst.
After the U.S. Food and Drug Administration (FDA) found sub-trace levels of asbestos in a single bottle of Johnson & Johnson's baby powder, the consumer health giant announced a recall of a single lot of that product in October.
Source Fool.com
