April 29 | Stocks rise on hopes of COVID-19 treatment


Market News

Stocks rise on hopes of COVID-19 treatment

Stocks advanced Wednesday as investors considered positive updates from Gilead over the results of a trial of its coronavirus treatment candidate. The news eclipsed a dismal report on first-quarter gross domestic product, which showed the U.S. economy shrank on an annualized basis for the first time since 2014.

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More Financial Headlines

Unemployment will remain high for a long time

Apple’s annual cash bonanza arrives as other companies cut investor returns due to coronavirus

Fed holds rates near zero, will use full range of tools

An entire new technology is about to change everything

This will put millions more out of work… and make many others rich
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Until Next Time,
This has been John Denton

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