Strong trading day in the US USA After Corona Hope – E24

Therefore, the stock market looks beyond the daily figures that show the biggest decline in the US economy since the last recession.

Central Bank Governor Jerome Powell was expected to keep interest rates unchanged, as well as assuring the market that interest rates would remain low for as long as needed, leaving little impact.

This is how the main US indices closed:

• S&P 500 up 2.66 percent
• Dow Jones rises 2.19 percent
• Nasdaq Composite up 3.57 percent

Recovery was aided, among other things, by Gilead Science, who has learned of positive data in the NIAID study for the treatment of Covid-19. The company was informed in a statement on Wednesday.

Gilead’s stock rose

The update has given investors renewed hope for a drug that may help fight the coronavirus, according to US media.

“We understand that the investigation has met its primary end goal and that NIAID will provide detailed information on an upcoming briefing,” the statement said.

The study provides information on whether a shorter 5-day treatment may have similar efficacy and safety as the 10-day treatment evaluated in the NIAID study and other ongoing studies.

Gilead shares closed 5.7 percent.

hops alphabet

Among individual stocks, Alphabet rose nearly nine percent after Google’s owner after the stock market closed Tuesday posted first-quarter earnings and results that show growth from the previous year.

Now after closing Microsoft, Tesla, Facebook, MasterCard and Transocean are on the way with their accounting numbers.

The price of a barrel of American light oil (WTI) rose approximately 18 percent to $ 15.8, after new AT figures showed less inventory accumulation than expected.

Read about the results presented before the opening of the stock exchange:

Boeing’s profits plummeted in the first quarter. Spotify increased customer base: deficit narrows