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Stock impact report

US STOCKS-S&P 500 slips after report on coronavirus drug trial [Reuters]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Reuters
S&P 500 slips after report on coronavirus drug trial (Reuters) - The S&P 500 ended marginally lower on Thursday after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial, denting earlier optimism that the impact of the pandemic on the labor market was nearing an end. All three main U.S. stock indexes fell back from gains of over 1% after the Financial Times reported that a Chinese trial showed that Gilead Science’s ( GILD.O ) remdesivir did not improve patients’ condition or reduce the pathogen’s presence in the bloodstream. Gilead said the results from the study were inconclusive as it was terminated early. Last Friday, Wall Street rallied in part because of a report that COVID-19 patients in a separate study had responded positively to remdesivir. The market’s sensitivity to news related to coronavirus therapies reflects investors’ desperation for any indication of when the global economy might be able to start returning Show less Read more
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