Positive results from Gilead's COVID-19 drug remdesivir injected momentum into the markets
For the week, the Dow rose 1%, the S&P 500 gained 1.8% and the Nasdaq jumped 4%. The Cboe Volatility index ended down on the day and fell 0.39 points for the week.
The S&P 500 is up more than 40% from its March 23 bottom, thanks in part to economic data that has pointed to a revival in business activity in June. FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease continues in the Manhattan borough of New York, U.S., May 28, 2020. REUTERS/Lucas Jackson
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