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Stocks jump as investors weigh Gilead coronavirus treatment, GDP data

  • 📰 USATODAY
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  • News: 9%
  • Publisher: 63%

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U.S. stocks rebounded Wednesday as upbeat data on coronavirus treatment from Gilead Sciences offset fresh figures that showed U.S. economic growth contracted more than expected in the first quarter.

It comes as data revealed the U.S. economy, largely shut down by the coronavirus pandemic, ended the longest economic expansion on record.at a seasonally adjusted annual rate of 4.8% in the January-March period as both consumer and business spending fell sharply, the Commerce Department said Wednesday. It marked the first drop in output since early 2014 and the steepest since late 2008, during the depths of the Great Recession.

Investors seemed buoyed as more governments plan to ease anti-virus controls and allow businesses to reopen. The French and Spanish governments announced plans Tuesday to allow restaurants and other businesses to reopen gradually. They followed Italy, which announced similar plans Sunday.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

lacadri34 It’s still ya over where it should be

Ignorance has no color.... by, Evon Latrail evonlatrail trending 👏👏👏

I just wish this would mean the end of covid 19🤷🤷🤷🤷

And I sold my Gilead a year ago! 😖

This literally sums up the Market and how it’s literally like 90% detached from reality.

Wait til tommorows weekly unemployment numbers hit

Huh

🤔🤔🤔

Fake Stock Market

Stocks really?!?

Upbeat data?

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks Rally, Dow Up 400 Points After Gilead Treatment Shows ‘Positive Data’The market got a boost from news of a potential treatment for coronavirus. so there was no need to drop the interest rate to 0?
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Coronavirus treatment: Gilead says positive data on remdesivir coming - Business InsiderOne of the most promising coronavirus treatment candidates succeeded in a late-stage trial in COVID-19 patients, Gilead said Wednesday.
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