U.S. stocks jump on coronavirus drug hopes; oil surges

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Stocks advance amid renewed hopes for a coronavirus drug despite data showing the biggest economic contraction since 2008 in the first quarter.

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Daniel Rogerson wears a vintage military gas mask while riding a bike along the beach path in Santa Monica, which is closed to enforce social distancing because of the coronavirus pandemic. A man gets some exercise on Santa Monica Beach, which is closed to enforce social distancing because of the coronavirus pandemic. A face mask seller in colorful dress appears to be part of a mural behind a bus stop on Soto Street on Saturday morning in Los Angeles. Life around Cesar E. Chavez Blvd.

 

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