Johnson & Johnson Face Decline

The US equities markets were bearish today overall, and two stocks in particular saw sharp declines. One stock was Johnson & Johnson (JNJ), which is obviously a major name in the healthcare sector. The company’s stock was down over -10% at one point during the session due to news that the company may have hidden its knowledge of asbestos in its baby food products. Meanwhile, Endo International (ENDP) was down sharply due to news that the company and others like it might be the target of Attorney Mike Moore, who is famous for taking on the tobacco industry. Here’s a recap of what happened.