Dow jumps 700 points on hope for a coronavirus treatment, closes at highest level since March

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Stocks surged Friday after a report said a Gilead Sciences drug showed some effectiveness in treating the coronavirus. Here's how the major averages performed: - The Dow rose 704 points. - The S&P 500 gained 2.68%. - The Nasdaq advanced 1.38%.

that a Chicago hospital treating coronavirus patients with remdesivir in a trial were recovering rapidly from severe symptoms. The publication cited a video it obtained where the trial results were discussed.

Other studies have shown remdesivir to be an effective treatment against the coronavirus. However, they have been smaller in scale. Gilead itself also cautioned that anecdotal reports are not enough to determine yet whether the drug will be an effective treatment."Remdesivir sounds like something that can get people out of hospitals quickly," Cramer said in a tweet Thursday. "That allows our economy to have a fighting chance..I think that remdesivir would cut the morbidity ...

But the stock market has rallied since March 23 as new coronavirus cases in the U.S. and globally showed signs of plateauing. President Donald Trump said Thursday that "our experts say the curve has flattened and the peak … is behind us."Thursday night, which identifies the circumstances necessary for areas of the country to allow employees to start returning to work. The decision to lift restrictions will ultimately be made by state governors.

To be sure, the outbreak has already dealt a massive blow to the economy. In four weeks, about 22 million Americans have lost their jobs. Retail sales posted last month their biggest fall on record.

 

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When the market crashes, will the DOW plummet to 15,000 10,000 5,000 2,000📈📉 $DJIA $INDU $SPY $QQQ $MSFT $AAPL $FB $NFLX $GILD $GLD $AMZN $XOM $DOW $JNJ $WMT $PEP $BAC $V $VZ $PFE $TSLA $T $GM $F $GS $C DowFutures Futures $SDOW $UDOW $MRK $UNH $MCD $COST $DIS $WFC $IBM 📉

it's amazing how ignorant people are . educted people believing what they want to believe. not seeing the forest for the trees ! you invest in this market now, you must be blind .

Sarah E. tends to be overly argumentative! Today she was arguing with the man who was talking about the results of a virus mitigation study, and although he clearly had the facts, she argued that people getting better is a good result!! And this happens all the time!!

Stocks surged into the close on a Friday because people did not want to go into the weekend short when good news could surge the market before Monday’s open.

Is english Joe’s first language? $20mn a yr for a spokesperson who has difficulty expressing himself is something to behold.

No. They surged because of the recent opening plans. Nice try.

While unemployment skyrockets and people worry about the lack of leadership in Washington.

More permabullshit from you stock pimping charlatans

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