Stock futures sink after US calls for pause of Johnson & Johnson Covid vaccine rollout due to health issues

Contracts on the Dow Jones sold off 200 points following the news. The SP 500 futures were down 0.3% at 4,127, while Nasdaq also pivoted lower by 0.3%. A day earlier, all the three major indexes ended slightly below record levels.

Shares of Dow component Johnson Johnson also sank almost 3% in pre-market trading on Tuesday.

“We are recommending a pause in the use of this vaccine out of an abundance of caution,” the US Food and Drug Administration (FDA) said in a Twitter post, pointing toward six “extremely rare” cases of people suffering a “severe type of blood clot” after being vaccinated. Over 6.8 million Americans have received the Johnson Johnson vaccine, with even more having gotten the job internationally.

Also on rt.com FDA calls for ‘pause’ on Johnson Johnson Covid vaccine after six women get blood clot disorder resulting in one death

The health agencies said they are reviewing data over six reported US cases of a severe blood clot in individuals after receiving the vaccine, and have recommended the pause “out of an abundance of caution,” the FDA added.

Johnson Johnson said in a statement that “no clear causal relationship” has been identified between the blood clots and the vaccine, adding it is working closely with regulators to assess the data.

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Article source: https://www.rt.com/business/520907-stock-futures-sink-covid-vaccine/?utm_source=rss&utm_medium=rss&utm_campaign=RSS