Why Johnson & Johnson Stock Defied the Market Downturn Today
Shares of Johnson & Johnson (NYSE: JNJ) defied the overall market downturn on Thursday, with its shares rising 1.7% higher as of the market close. Instead, investors appeared to favor relatively stable stocks such as J&J on a day when small-cap and tech stocks took a drubbing. After today's gain, J&J's shares are still down around 2.5% year to date.