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0 -0.00277185501066104 -0.00234541577825174 -0.00277185501066104 -0.0162046908315566 -0.025586353944563 -0.025586353944563 -0.025586353944563
Stock impact report

Shares jump on coronavirus drug hopes, oil surges [Reuters]

Federated Hermes, Inc. (FHI) 
Last federated hermes, inc. earnings: 4/30 04:17 pm Check Earnings Report
Company Research Source: Reuters
Shares jump on coronavirus drug hopes, oil surges NEW YORK (Reuters) - World stock markets surged on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared. MSCI’s gauge of stocks across the globe gained 2.47%. Major U.S. averages were up well over 2%, while the pan-European STOXX 600 index rose 1.75%. A top U.S. health official said Gilead Sciences Inc’s ( GILD.O ) antiviral drug remdesivir is likely to become the standard of care for COVID-19 after early results from a clinical trial showed it helped certain patients recover more quickly from the illness caused by the coronavirus. The development of treatments for the virus has been seen by strategists as critical as they could help countries emerge from self-imposed lockdowns aimed at curbing the outbreak that have crippled economies. Data on Wednesday showed the U.S. economy contracted in the first quarter at its sharpest pace since the Gr Show less Read more
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