Stocks are off their highs, but still up at midday
US stocks are going strong at midday. though they have come off their morning highs.
Market sentiment improved today amid news the drug developed by Gilead (GILD) is proving effective as a coronavirus treatment in a clinical trial. Talks of the proposed reopening of the US economy are also boosting investors' moods.
The Dow is up 1.5%, or 360 points, while the S&P 500 is up 1.3%. The Nasdaq Composite gained 0.3%.
Shares of Gilead are up more than 7%.
No comments:
Post a Comment