Stock futures signal Friday rally on heels of promising coronavirus treatment, talks about reopening US
U.S. stock futures, following President Trump's announcement of his plan to roll back social distancing measures and open the nation back up in stages, signaled a strong start to Friday's session, adding to the momentum seen Thursday.
U.S. stock futures, following President Trump's announcement of his plan to roll back social distancing measures and open the nation back up in stages, signaled a strong start to Friday's session, adding to the momentum seen Thursday.
The Dow Jones Industrial Average are up more than 700 points or 3.1 percent while the S&P 500 was higher by nearly 3 percent and the Nasdaq Composite 2 percent as of 3:30 a.m. ET.
In addition to Trump's announcement Thursday, there was also positive news on Gilead Sciences and its drug Remdesivir. According to Statnews.com, Remdesivir, an antiviral medicine used as a potential treatment for Ebola, showed effectiveness for treating COVID-19 patients. A recent clinical trial of the drug found rapid recoveries in coronavirus patients' fever and symptoms. Click here for more.
Other related developments:
- Larry Kudlow admits second quarter will be 'pretty awful', predicts May will be 'transition month'
- Saudi Arabia pledges $500M to fight coronavirus pandemic
- Coronavirus in the US: State-by-state breakdown
Other related developments:
- Larry Kudlow admits second quarter will be 'pretty awful', predicts May will be 'transition month'
- Saudi Arabia pledges $500M to fight coronavirus pandemic
- Coronavirus in the US: State-by-state breakdown
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