The Dow and S&P 500 rose about 2%, setting up U.S. stocks for a second straight week of gains. The market was buoyed by optimism that parts of the American economy may begin reopening in coming days.
President Trump lays out guidelines to reopen the economy in three phases, China records its first-ever contraction in quarterly GDP, and Gilead Sciences shares soar on hopes for a potential Covid-19 drug.
WSJ’s Shelby Holliday has the latest on the pandemic. Photo: STR/AFP via Getty ImagesUnited States Latest News, United States Headlines
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