US stocks close mixed as virus drug report offsets oil-market surge
The drugmaker Gilead slipped 9% at intraday lows after a mistakenly posted report on its in-development coronavirus treatment revealed the drugg didn't help afflicted patients.US closed mixed on Thursday as markets mulled the latest economic data detailing the coronavirus pandemic's economic fallout.. It marked a decrease from previous weeks but brought the metric's five-week total to more than 26 million.
"This is another terrible week for layoffs." James McCann, senior global economist at Aberdeen Standard Investments said. "The scale of joblessness in the US is clearly larger than other economies."
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