The stock market moved sharply higher on Wednesday morning, benefiting from some favorable earnings reports and responding to hopes that reopened businesses will get the economy moving again. Promising news from Gilead Sciences (NASDAQ: GILD) in its efforts to come up with a coronavirus treatment also buoyed investor sentiment. The S&P 500 (SNPINDEX: ^GSPC) rose 68 points to 2,932, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved higher by 260 points to 8,868. Read More...
Stock Market News: Mastercard Charges Ahead; Alphabet Spells Ad Success
The stock market moved sharply higher on Wednesday morning, benefiting from some favorable earnings reports and responding to hopes that reopened businesses will get the economy moving again. Promising news from Gilead Sciences (NASDAQ: GILD) in its efforts to come up with a coronavirus treatment also buoyed investor sentiment. The S&P 500 (SNPINDEX: ^GSPC) rose 68 points to 2,932, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved higher by 260 points to 8,868.
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