Stocks start higher; J&J leads gains for health care sector
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The Associated Press
Stocks are moving modestly higher on Wall Street in early trading Tuesday as corporate earnings reporting gets into full swing. The benchmark S&P 500 was up 0.3% in the first few minutes of trading, and the Dow Jones Industrial Average was up 0.2%. Health care companies were making some of the biggest gains in the early going. Johnson & Johnson climbed 1.8% after raising its 2021 profit forecast again. Insurance company Travelers rose 2.6% after releasing results that easily beat analysts’ forecasts. The first exchange-traded fund to track Bitcoin futures rose 3% on its first day of trading.Â