Stocks close flat after wild session as investors assess Gilead coronavirus treatment

  • 📰 CNBC
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Stocks were taken for a wild ride on Thursday that showed how important finding a Covid-19 treatment is for Wall Street. Here's how the major averages performed: - The Dow rose 39 points. - The S&P 500 lost .05%. - The Nasdaq fell .01%.

closed just below breakeven at 8,494.75. Both the Nasdaq and S&P 500 were up more than 1% at their session highs.

that Gilead Sciences' drug remdesivir did not improve patients' condition or reduce the coronavirus pathogen in their bloodstreamGilead took issue with the report, saying: "Because this study was terminated early due to low enrollment, it was underpowered to enable statistically meaningful conclusions. As such, the study results are inconclusive, though trends in the data suggest a potential benefit for remdesivir, particularly among patients treated early in disease.

"Any sort of treatment is key for people to getting people back out into the world," said Kim Forrest, founder of Bokeh Capital, on CNBC's " Earlier in the week, concerns over a lack of energy demand sent WTI's May contract — which expired Tuesday — into a negative price. Crude prices are also down sharply year to date even after their strong gains over the past two days.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Mixed results equals volatile market, stay tuned.

Corrupt

This market is manipulated. GILD was manipulated badly last week just to push stocks higher. There was no proof it works. People became rich in a day. It is not showing ttue face of economy, just bunch of hunches.

We are living the mother of manipulations ... the world will not give in to the hands of this sick current that leads this global conspiracy ... The actors are unmasked .....

This market is manipulated. GLED was manipulated badly last week just to push stocks higher. There was no proof it works. People became rich in a day. It is not showing ttue face of economy, just bunch of hunches.

Your corporate masters are pleased dimwit investors. Keep ignoring facts and the historic numbers that continue to come out. Infinite bull market!

Millions unemployed Profits falling Lying madman is POTUS Markets rising 🙄

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks open slightly higher on Wall Street, crude oil risesNEW YORK (AP) — Stocks opened slightly higher Thursday, even after the government said 4.4 million more workers filed for unemployment benefits last week as layoffs sweep the economy. The S&P 500... Is that sick or what Who are these buyers? 🧐 You seem disappointed?
Source: AP - 🏆 728. / 51 Read more »

Asia stocks set to rise after Wall Street gains on oil reboundAsian equity markets were poised to edge higher on Thursday after rebounding crude prices and the promise of more U.S. government aid to ease the economic pain inflicted by the coronavirus crisis helped calm global equity markets.
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street analysts see upside in stocks like Amazon ahead of earningsNew for subscribers: Wall Street analysts see upside in stocks like Amazon ahead of earnings Check out CNBCPro for a free trial. Pro 5 ways prayer can change your reality.(video) Pro Gee, the average person wouldn't be able to predict there would be an upside in a stock such as Amazon. Those analysts must be rock scientists! Pro The true roadmap of Capitalism leads to Fascism. US has proved that repeatedly since 1980. Small business owners realize that now also.
Source: CNBC - 🏆 12. / 72 Read more »