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

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 “

Next monday, Dow plunges 700 points as treatment is not possible and only works with bats. 📉

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks Fall, Dow Tumbles 400 Points After Retail Collapse And Weak Bank EarningsThe stock market slumped today, threatening to erase its gains from earlier this week after a record plunge in retail sales and weak bank earnings by skleb1234 skleb1234 It's all propped up on bullshit.there is no GDP skleb1234 What is Hydroxychloroquine ? How does it work a against COVID19 coronavirus skleb1234 GretaLWall like I said.....2 days 😂
Source: Forbes - 🏆 394. / 53 Read more »

Dow turns lower at the open as Boeing weighs, but tech stocks jump as investors digest 5.25 million jobless claimsU.S. stocks opened mostly higher this morning, with tech shares rallying, after weekly jobless claims data showed applications for the newly unemployed hit 5.25 million, surging to a total of 21 million over the past month. While these stocks rally, here are 3 stocks you should buy: Why the hell would it SURGE after those unemployment numbers? Someone please explain. Stock market casino! What if I told you that the global economy was pronounced brain dead in 2008 and has been on life support since?
Source: MarketWatch - 🏆 3. / 97 Read more »