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0.000267437500879696 7.54967107746207E-05 -0.000113884868795636 0.00461809540992796 -0.00142675987311443 0.0034024704059292 0.00404227303961273 0.00769682568321326
Stock impact report

The economy is collapsing, but US stocks just posted their best month since 1987 [CNNMoney.com]

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: CNNMoney.com
Welcome to the most expensive US stock market in two decades New York (CNN Business) The coronavirus pandemic has exposed a gaping disconnect between unprecedented economic pain on Main Street and extreme optimism on Wall Street. The US economy is collapsing as never before. More than 30 million Americans have filed for unemployment. Millions of small businesses have requested forgivable loans to stay alive. And US GDP could decline at a breathtaking annualized rate of 40% during the second quarter. And yet the stock market is r acking up massive gains . Even after retreating on Thursday, the S&P 500 spiked 13% in April. It was the best month for US stocks since January 1987. We're not going to go back to life as normal." Laura Veldkamp, a professor at Columbia Business School It's common for Wall Street to price in a recovery long before Main Street feels it. The stock market is not the economy, after all. Investors look three to six months out into the future. Show less Read more
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