(RTTNews) – While the tech-heavy Nasdaq and the S&P 500 are extending the pullback seen in the previous session in morning trading on Wednesday, the narrower Dow has shown a modest move to the upside.
The Dow is currently off its best levels of the day but still up 59.42 points or 0.2 percent at 33,416.80. Meanwhile, the Nasdaq is down 135.35 points or 1.1 percent at 11,990.98 and the S&P 500 is down 15.21 points or 0.4 percent at 4,085.39.
The uptick by the Dow is partly due to a strong gain by shares of Johnson & Johnson (JNJ), with the healthcare giant surging by 3.4 percent.
The jump by J&J comes after the company announced it has agreed to pay $8.9 billion over 25 years to settle…