The major indexes were up nearly 3% at the open.
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 “
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures rally 900 points after report says Gilead drug showing effectiveness against coronavirusU.S. stock futures surged on Thursday night after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus.
Read more »
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
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.
Read more »
Coffee prices rally as coronavirus lockdowns see drinkers caffeinate at homeCoffee prices have rallied over the last month, as global lockdowns fueled panic buying by those stuck at home looking for a caffeine fix, but the outlook for the commodity is far from clear.
Read more »
Fox News Hosts Rally Around Right Wing Stay-At-Home Order ProtestersProtests have broken out across the country over stay-at-home restrictions.
Read more »