Stocks Rally, Dow Jumps 600 Points On News Of Gilead’s Possible Coronavirus Treatment

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The stock market jumped today as investors became more optimistic about the coronavirus outlook, amid news overnight that Gilead Sciences’ COVID-19 treatment was showing signs of success in clinical trials with patients by skleb1234

The Dow Jones Industrial Average was up 2.8%, nearly 700 points, at the open, while the S&P 500 gained 2.3% and the Nasdaq Composite rose 1.3%.in its clinical trial of antiviral drug Remdesivir, which showed promising results in treating coronavirus.

The phase 3 trial, conducted at the University of Chicago, found that most patients treated with the drug had “rapid recoveries in fever and respiratory symptoms,” according to the originalThe market also got a boost from the news that embattled airline carrier Boeing, which saw its stock plunge by as much as 75% during the coronavirus sell-off last month, would resume production at its Puget Sound plant. The stock rebounded nearly 9% on Friday morning as a result.

Adding to Wall Street’s optimism about the virus outlook was a White House press conference on Thursday night, in which President TrumpTrump said some states that met criteria for testing and a low number of new cases would be able to reopen “

 

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skleb1234 Trump 4 more years. MAGA 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

skleb1234 Realistically we are a long way away. The company said data needs to be analyzed to draw any conclusions from the trial. The reports, while encouraging, do not provide the statistical power necessary to determine the safety and efficacy of remdesivir as a treatment for COVID-19.'

skleb1234

skleb1234 The stock market aka “the Casino”, it’s only the FII’s who are profiteering from this volatility. Sad that SEBI_India doesn’t seem to be able to stop this. The retail investor is the one with the last tulip dutchtulip history

skleb1234 Talk about ☕️ on 🔥!! 😎

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