Stock market news live updates: Stocks cut gains after report Gilead's virus treatment disappoints in trial [Yahoo! Finance News]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance News
U.S. markets close in 2 hours 6 minutesStock market news live updates: Stocks cut gains after report Gilead's virus treatment disappoints in trialEmily McCormickandJavier E. David•April 23, 2020ReblogShareTweetStocks rapidly pared earlier gains Thursday afternoon after theFinancial Times reportedGILDThe Chinese trial forGilead’s antiviral drug remdesivir produced resultsLast week, areport that provided upbeat anecdotal data on remdesivir’s effectivenessInvestors also continued to digestThursday’s initial unemployment claims reportLast week’s initial jobless claims totaled 4.427 million for the week, a fifth straight week that new unemployment claims were in the multi-millions, but the third straight week that the number of new claims fell relative to the prior week.Since mid-March, new unemployment claims ballooned to more than 26 million, reflecting stunning levels of joblessness as workers were furloughed or laid off in troves amid pandemic-related business closures.“It is clear tha
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