Stocks were down Monday morning even after encouraging comments on Johnson & Johnsonâ€™s (JNJ) vaccine from Dr. Anthony Fauci. Bitcoin also declined over the weekend, a potential sign that market sentiment was turning.
Over the weekend, Fauci said Johnson & Johnsonâ€™s vaccine could be ready to resume use this Friday following the Food and Drug Administrationâ€™s pause due to rare blood clots. The sooner, the better as Covid-19 cases were rising around the world.
Some observers pointed to Bitcoinâ€™s 7.8% decline since Friday as a sign that the market was heading for a risk-off day. Coinbase (COIN), which went public through a direct listing last week, has slipped 3.1%
Here were some notable stock movers:
GameStop (GME) shares rose 9% after CEO George Sherman said he would step down in July.
Textron (TXT) shares were rising 1.5% after Credit Suisse upgraded the stock to Outperform from Neutral.
First Solar (FSLR) shares rose 3% after Citigroup upgraded the stock to Buy from Neutral.
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