Bank of America Corp (BAC): Why It Has Sunk the Dow

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Not all stocks are suffering from the financial sector’s fall today. Johnson & Johnson (NYSE:JNJ) leads a resistant few gainers on the Dow Jones Industrial Average (INDEXDJX:.DJI) today, with shares of the health care giant gaining 0.7%. The company got a boost today after a jury ruled in its favor in lawsuits over its ASR hip implant recall back in 2010. That’s a good sign for Johnson & Johnson (NYSE:JNJ), which has suffered numerous headaches and thousands of suits over its hip devices recently. It’s also a boon for investors, who were already cheering J&J’s expectation-beating earnings report yesterday. For Johnson & Johnson (NYSE:JNJ), it’s so far, so good in 2013.

The article Why Bank of America Has Sunk the Dow originally appeared on Fool.com is written by Dan Carroll.

Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson. The Motley Fool owns shares of Bank of America, Johnson & Johnson, and JPMorgan Chase (NYSE:JPM).

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