Wall Street jumps on hopes for virus drug

Wall Street jumps on hopes for virus drug

Wall Street has jumped as Gilead Sciences gave an encouraging update on a potential COVID-19 treatment and upbeat earnings from Google-parent Alphabet boosted shares of other technology and internet giants. Gilead rose 4.8 per cent after the drugmaker said its...
Wall Street jumps on hopes for virus drug

Wall Street gains as Boeing shares surge

US stocks have closed higher boosted by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19. The Nasdaq added 6.1 per cent for the week and registered its...
Wall Street jumps on hopes for virus drug

Wall Street dips as record job growth ends

Wall Street has dipped as the novel coronavirus abruptly ended the longest spell of US employment growth on record, but declines were limited by a surprise expansion in the US services sector. The Labor Department’s report said a recession was under way as...
Wall Street jumps on hopes for virus drug

Wall Street gains on oil price recovery

Wall Street has bounced as a recovery in oil prices outweighed the shock of weekly jobless claims soaring past six million. Initial claims for unemployment benefits last week exceeded the top end of analysts’ estimates at 5.25 million, and US President Donald...
Wall Street jumps on hopes for virus drug

Wall Street sinks as virus anxiety grows

The Dow Jones has tumbled more than 700 points as investors fled to safe-haven assets after new orders for US-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017. The blue-chip Dow and the S&P 500 had ended their previous...