U.S. equity markets were mixed Tuesday after the U.S. Food and Drug Administration recommended Johnson & Johnson’s COVID-19 vaccine be paused amid blood-clotting concerns and consumer prices rose at the fastest pace in over eight years. 

Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 33570.72 -174.68 -0.52%JNJ JOHNSON & JOHNSON 158.12 -3.93 -2.43%

The Dow Jones Industrial Average fell over 130 points or 0.41% as J&J fell on the developments keeping the benchmark in the red. 

Ticker Security Last Change Change % SP500 S&P 500 4131.73 +3.74 +0.09%I:COMP n.a. n.a. n.a. n.a.MRNA MODERNA, INC. 147.83 +8.43 +6.05%BNTX BIONTECH SE 127.89 +6.38 +5.25%PFE PFIZER INC. 37.03 +0.04 +0.12%

"We are recommending a pause in the use of this vaccine out of an abundance of caution," the FDA tweeted. 

The recommendation comes after a rare and severe blood clot was discovered in six recipients. More than 6.8 million doses of the vaccine have been administered.

The S&P 500 was modestly higher and the Nasdaq Composite rose 0.56% as other vaccine makers including Moderna and Pfizer's partner Biontex rose. 

Moderna defended its vaccine as having no similar side effects as J&J. 

MODERNA DEFENDS ITS COVID-19 VACCINE AFTER J&J SETBACK

Travel stocks, including American Airlines Group Inc., Carnival Corp. and Marriott International Inc. were under amid concerns a pause in the administration of Johnson & Johnson’s single-shot vaccine would stunt the reopening of the economy. 

Ticker Security Last Change Change % AAL AMERICAN AIRLINES GROUP, INC. 22.14 -0.77 -3.34%CCL CARNIVAL CORP. 27.55 -0.20 -0.72%MAR MARRIOTT INTERNATIONAL, INC. 148.07 -1.28 -0.86%

As traders sold reopening names, they put money to work in stay-at-home plays like Peloton Interactive Inc. and Zoom Video Communications Inc. 

Ticker Security Last Change Change % ZOMM n.a. n.a. n.a. n.a.PTON PELOTON INTERACTIVE, INC. 121.47 +2.50 +2.10%

In earnings, construction equipment maker Fastenal Co. reported profit and sales that missed Wall Street estimates.  

Ticker Security Last Change Change % FAST FASTENAL CO. 49.20 -1.51 -2.98%

Goldman Sachs Group Inc., JPMorgan Chase & Co. and Wells Fargo & Co. will report their quarterly results ahead of Wednesday’s opening bell. 

Ticker Security Last Change Change % GS THE GOLDMAN SACHS GROUP, INC. 327.01 -4.87 -1.47%WFC WELLS FARGO & CO. 39.93 -0.84 -2.05%JPM JPMORGAN CHASE & CO. 154.02 -2.00 -1.28%

Economic data out Tuesday showed consumer prices rose 0.6% month over month in March, making for the fastest increase since August 2012. Prices increased 2.6% annually. The readings were hotter than the 0.5% and 2.5% increases that economists were expecting.   

In commodities, West Texas Intermediate crude oil climbed 78 cents to $60.48 per barrel and gold rallied $9.60 to $1,742.30 an ounce. 

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Overseas markets were mixed. 

Europe markets were little changed with France’s CAC 40 up 0.31%, Germany’s DAX gaining 0.26% and Britain’s FTSE 100 slipping 0.04%. 

In Asia, Japan’s Nikkei 225 rose 0.72%, Hong Kong’s Hang Seng advanced 0.15% and China’s Shanghai Composite index lost 0.48%.  

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