The stock market opened higher on Wednesday, despite a sharp drop in U.S. economic activity, after Gilead Sciences reported positive data on its remdesivir drug as a potential treatment for coronavirus.Kevin Hagen/ASSOCIATED PRESSThe Dow Jones Industrial Average was up 1.7%, over 400 points, at Wednesday’s open, while the S&P 500 rose 1.9% and the Nasdaq Composite gained 2.1%.
Shares of Gilead Sciences were halted in premarket trading after rising more than 10%, with the company reporting “positive data” emerging from a recent study using its antiviral drug remdesivir. The National Institute of Allergy and Infectious Diseases said that a recent study of Gilead’s remdesivir drug met itsGilead also released the results of its, showing improvement in at least 50% of patients treated with remdesivir and more than half released from the hospital within two weeks.
Shares of Google parent Alphabet jumped 8.5% after the tech giant reported first quarter revenue last night thatThat news, along with the Gilead results, helped offset a sharp drop in U.S. economic activity: GDPThe Federal Reserve’s monetary policy decision at 2 p.m. on Wednesday. Investors will be closely watching the central bank for further economic guidance and clues on how long interest rates will remain near zero.“The awful headline number of -4.
so there was no need to drop the interest rate to 0?
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stocks Rally, Dow Rises Over 300 Points As Investors Become More Optimistic About Reopening The EconomyStocks are attempting a fifth straight session of gains. No one is working yet stocks surge. Not good. What when people realize things after reopening ain't sunshine at all lose trust and boy does the stock market plunge again -30% The European Commission estimated the amount of tax evasion in the UE at 2 TRILLION € -Recovering PUBLIC MONEY from tax evasion -Taxes financial transactions -To finance NEW product & organizational MODELS : social ecology-economic democracy EVERYTHING MUST BE RETHOUGHT Meanwhile, rent and mortgage payments are due in a few days, AND 1/3 of Americans missed their rent payments for APRIL...
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »
Stocks fall, Dow snaps 4-day winning streak as big tech shares slideThe Dow snapped its four-day winning streak as big tech shares slid. Here's how the major averages performed: - The Dow dropped 32 points. - The S&P 500 fell .52%. - The Nasdaq lost .4%. 1.4% actually
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Here are Wall Street's favorite stocks in the Dow right nowNew for subscribers: Here are Wall Street's favorite stocks in the Dow right now Check out CNBCPro for a free trial.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
What to watch today: Stocks set to rally again, tracking to break three-month losing streakStocks are set to advance as Dow stocks 3M, Caterpillar and Pfizer rise on earnings and U.S. oil prices come off their lows. $ZNGA
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Stocks Rally Ahead of Blue-Chip Earnings; Oil DropsA fresh plunge in oil prices signaled a bleak outlook for energy demand as the coronavirus pandemic ravages the global economy. Proof that demand drives price. Stop depending on oil Targetting - 50 up to - 100 ? This hardships to United States is a blow so devasting that may to provoke severe damages to the economy and the people in general.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »