S&P, Dow futures edge higher ahead of inflation data – Reuters

S&P, Dow futures edge higher ahead of inflation data – Reuters

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)* J&J shares hit one-month low* Tech firms boost indexes* Big bank earnings to kick off from Wednesday* Crypto-stocks jump ahead of Coinbase IPO (Updates to market close)April 13 (Reuters) - The S&P 500 closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook off concerns about the halt in Johnson & Johnson's COVID-19 vaccine rollout and strong U.S. inflation.The drugmaker's shares hit a one-month low before recovering some of its losses, as calls for pausing the use of its COVID-19 vaccine after six women developed rare blood clots dealt a fresh setback to efforts to tackle the pandemic.The news came as U.S. data showed the consumer price index (CPI) in March rose by the most in more than 8-1/2 years, kicking off what the majority of economists expect will be a brief period of higher inflation.U.S. futures initially dropped on the J&J news, but pared losses after the CPI data. Solid demand for Tuesday lunchtime's U.S. Treasuries issue pushed down yields further, highlighting investors' lack of concern about any imminent bump in interest