Johnson & Johnson Shares Plummet

According to Reuters, Wall Street is having another volatile day of trading.<br />But instead of trade tensions, part of the day's financial fallout is due to asbestos.<br />A report from Reuters indicated that Johnson & Johnson knew that small traces of asbestos have been found in their baby powder products for decades.<br />That report led to a selloff of Johnson & Johnson shares, which fell by 11-percent, before stabilizing at 8-percent down.