The close: Wall Street’s rally fizzles as oil prices suddenly plunge [Toronto Globe and Mail (Ontario, Canada)]
Gilead Sciences, Inc. (GILD)
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Source: Toronto Globe and Mail
The close: Wall Street’s rally fizzles as oil prices suddenly plunge A big second-day rally in North American stocks suddenly vanished by the close of trading Tuesday, undercut by another plunge in the price of oil and investor concerns that markets were recovering too quickly on only tentative signs of progress in the battle against the coronavirus. The S&P 500 closed down 0.2 per cent, and the S&P/TSX Composite Index ended with a slight gain of 0.1 per cent. Both indexes were up as much as 3.5 per cent earlier in the day. The market’s gains faded as the price of U.S. crude oil abruptly flipped from a gain to a steep loss of more than 9 per cent. It dampened what had been an ebullient day for markets worldwide, following up on Monday’s 7% surge for the S&P 500 and 5.1 per cent gain for the TSX on encouraging signs that the pandemic may be close to levelling off in some of the hardest-hit areas of the world. Even though economists say a punishing recession is inevitable, investors thi
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News
- Gilead Sciences, Inc. (NASDAQ: GILD) had its price target lowered by analysts at Morgan Stanley from $80.00 to $78.00. They now have an "equal weight" rating on the stock.MarketBeat
- Gilead Sciences, Inc. (NASDAQ: GILD) had its price target lowered by analysts at TD Cowen from $90.00 to $85.00. They now have a "buy" rating on the stock.MarketBeat
- Gilead Sciences, Inc. (NASDAQ: GILD) had its price target lowered by analysts at Royal Bank of Canada from $76.00 to $74.00. They now have a "sector perform" rating on the stock.MarketBeat
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GILD
Earnings
- 4/25/24 - Beat
GILD
Sec Filings
- 4/26/24 - Form 4
- 4/25/24 - Form 8-K
- 4/2/24 - Form 4
- GILD's page on the SEC website