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US stocks open higher after Google results, hopes of potential coronavirus drug

Gilead Sciences Usa covid-19 pandemic Coronavirus
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Gilead Sciences gave an encouraging update on a potential Covid-19 treatment, while upbeat earnings reports from Boeing and Google-parent Alphabet added to the sentiment Wall Street stocks jumped early Wednesday as Boeing and Google parent Alphabet rose after earnings reports, offsetting the hit from a poor US first-quarter economic report.

Stocks were also supported by favorable comments by biotech company Gilead Sciences, which is developing a drug to treat coronavirus.

About 15 minutes into trading, the Dow Jones Industrial Average was up 1.7 percent at 24,509.20. The broad-based S&P 500 gained 1.9 percent to 2,918.06, while the tech-rich Nasdaq Composite Index advanced 2.3 percent to 8,802.74.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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