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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