US: Stocks end lower on mixed earnings

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[NEW YORK] Wall Street stocks fell on Tuesday following mixed earnings as clinical trials were paused for leading coronavirus pharmaceuticals, dragging on travel stocks. Read more at The Business Times.

J&J said that serious adverse events , such as accidents or illnesses, are"an expected part of any clinical study, especially large studies."

J&J's announcement was followed Tuesday afternoon by news that Eli Lilly had also paused a trial of a coronavirus antibody treatment out of safety concerns.The companies' announcements were also a drag on the broader market, said Briefing.com analyst Patrick O'Hare. Travel-related stocks, which are seen as major beneficiaries of a coronavirus vaccine, suffered especially big drops.

 

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