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Stock impact report

Dow futures decline following Wall Street's roller-coaster session [CNBC]

Gilead Sciences, Inc. (GILD) 
Last gilead sciences, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.gilead.com
Company Research Source: CNBC
U.S. stock futures were lower on Thursday night as investors continued to weigh the prospects of a potential coronavirus treatment.Dow Jones Industrial Average futuresS&P 500Nasdaq 100The major averages were taken for a wild ride during the regular session after The Financial Times reported — citing documents accidentally published by the World Health Organization — that Gilead Sciences' drug remdesivir did not improve coronavirus patients' condition. The documents cited by the FT referred to a Chinese clinical trial.Gilead noted that study was "terminated early due to low enrollment," leaving it "underpowered to enable statistically meaningful conclusions. As such, the study results are inconclusive."Nasdaq CompositeTo be sure, CNBC's Jim Cramer raised doubt over the trial conducted in China, advising investors to wait for results from U.S. studies before disregarding the treatment."I say wait until the American studies come out," Cramer said in a tweet. "University of Chicago study Show less Read more
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