Stocks rose on Friday as oil prices clawed back even more of their historic losses from earlier in the week. Here's how the major averages performed: - The Dow gained 260 points. - The S&P 500 rose 1.39%. - The Nasdaq advanced 1.65%.
advanced 1.7%. Tech was the best-performing sector in the S&P 500, gaining 2.1% as Apple climbed over 2%.. The Nasdaq was down 0.8% week to date. It would be Wall Street's first weekly decline in three.
"Looking ahead, it's still all about demand for oil right now, and so far there is little evidence to support the idea that consumer growth is going to rebound anytime soon," said Tom Essaye, founder of The Sevens Report.drug remdesivir did not improve coronavirus patients' condition. The FT cited documents accidentally published by the World Health Organization regarding a Chinese clinical trial.leaving it "underpowered to enable statistically meaningful conclusions.
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