Wall Street cautious in the last session of the week. The Dow Jones is just up 0.24%, to 35,999 points, while the S&P 500 is up 0.08% to 4,652 points and the Nasdaq is + 0.03% to 15,707. Wall Street is preparing to close the week in negative territory, with the Dow Jones down 1.1% until yesterday’s session, and the S&P 500 and Nasdaq down 1% and 1.7, respectively. %.
Focus on Johnson & Johnson stock, after the giant announced a plan to split into two separate, Wall Street-listed companies: one will focus on consumer products offered by the multinational, while the other will be active in the prescription drug market and medical equipment.
The group is already undergoing a major transition process, as CEO Alex Gorsky announced that he will step down in July.
Joaquin Duato, chosen to take Gorsky’s place, will therefore manage the new J&J post spinoff. The company has announced plans to keep its total dividend “at least at the same level” as it is now, following the split into two groups.
Earlier this week, another Dow Jones-listed Wall Street giant, General Electric, announced the historic decision of several into separate companies, in this case three: the group will split into separate units that will focus on aviation. on healthcare and energy.
After a jump of more than + 4% in the premarket, J&J advances just over 1%.
Among the stocks starring again Tesla, in the wake of the news that Elon Musk has sold more Tesla shares for a total value of $ 687 million.
The news, which arrived shortly before the start of trading on Wall Street, follows the communication, the day before yesterday, concerning Musk’s decision to sell shares for $ 5 billion, following the outcome of the poll launched on Twitter. The stock goes down, giving about 3%.