Stocks got a jolt Friday as news about a potential coronavirus treatment increased hope for an economic recovery following the outbreak.
's CEO also told The Wall Street Journal the company's coronavirus vaccine candidate could be ready for approval by December. The company's U.S.-listed shares rose 4.75%.
"On days in which there's promise of health solution, or that the economy might actually recover faster than expected, you tend to get all your cyclical stocks ... leading the charge," said one strategist.
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