It’s another good day for the market, but it would be even greater if not for the travails of one company.  Johnson and Johnson (JNJ) shares are under pressure after reports the Department of Defense has begun a criminal probe of the company potentially concealing potential cancer risks in its talc powders. 

There are only four losers on the Dow Jones Industrial Average, three are drug makers including JNJ, Merck (MRK) and Pfizer (PFE).  The biggest losing sector by far in the S&P 500 is Health Care.

Beyond the JNJ news, the market seems to be sighing relief after two days of Jay Powell on Capitol Hill. 

Going into the weekend at record highs in three major equity indices would be great news for investors that have been emotionally challenged all year long.

Have a great weekend.