Stocks Rally, Dow Up 500 Points After Gilead’s Coronavirus Treatment Shows ‘Positive Data’

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The stock market moved higher today, 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 by skleb1234

The Food and Drug Administration said later on Wednesday that it was in “ongoing” discussions to make remdesivir available to coronavirus patients “Shares of Google parent Alphabet surged over 8% after the tech giant reported first quarter revenue on Tuesday thatThat news, along with the Gilead results, helped offset a sharp drop in U.S.

“Despite the awful economic numbers – which are backward-looking – there is a lot of optimism in markets around future prospects, not least of which is due to the positive news from one of the leading drug manufactures on a possible treatment for Covid-19 today,” says Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

skleb1234 Better ad Trump and Trump Oranization to that list.

skleb1234 Fauci has conflict of interest at his job & Gilead.

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