NEW YORK: Wall Street stocks finished almost flat on Thursday as oil prices bounced again, while the US reported another bruising round of jobless claims as a result of widespread coronavirus shutdowns.
Stocks were strongly positive in late morning, but pulled back following reports that a closely-watched coronavirus drug being developed by Gilead Sciences failed in its first randomized clinical trial. Petroleum-linked companies rallied, including Exxon Mobil, up 3.1 per cent, and Halliburton, up 8.4 per cent.
Expedia jumped 3.2 per cent after it announced it had raised US$3.2 billion from investment groups Silver Lake and Apollo, which each will have a seat on the board of the travel company. Expedia also named former Tribune Media head Peter Kern as its new CEO.
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.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »