J&J's on the Rise, but This Fintech Stock Is Falling Hard
There's been plenty of volatility in the stock market lately, so many investors seem happy when they get an opportunity to take a break. Things appeared to be relatively quiet Wednesday morning, as stock index futures were close to unchanged across the board. Many market participants are waiting for more economic data, and the imminent beginning of earnings season next week will add a new perspective for those looking for direction in the stock market.
As a member of the Dow Jones Industrial Average, Johnson & Johnson (NYSE: JNJ) gets a lot of attention from the investing community, and so a notable rise in its share price attracted notice on Wall Street early Wednesday. However, shares of fintech disruptor DLocal (NASDAQ: DLO) fell sharply after the company reported financial results that failed to live up to expectations.
Shares of Johnson & Johnson moved higher by nearly 3% in premarket trading Wednesday morning. The healthcare giant took a big step toward trying to resolve potential liability that has been a thorn in shareholders' side for quite a while now.
Source Fool.com
