Wall Street rises after possible finding of treatment against Covid-19

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Wall Street rose strongly on Wednesday, supported after that Gilead Sciences provided an update encouraging about a possible treatment against the Covid-19 and then that positive results of Alphabet facilitated the actions of other tech giants and internet.

Shares of Gilead escalated 4.8% after the company said its experimental medicine antiviral remdesivir helped to improve the symptoms of patients presenting with Covid-19, who were given above.

“The news of Gilead really are giving potenciaal market,” said Linda Duessel, a strategist for actions senior Federated Hermes in Pittsburgh, Pennsylvania.

The three major market indexes have rebounded 30 percent since its lows in march, driven by aggressive stimulus measures, and, now last, for hopes of an economic revival as several states of the united States begin to relax the measures of confinement.

The selective Spanish stock markets ended the volatile session on Wednesday, closing with a rise higher than the 3.0 per cent, thanks to the boost from Wall Street after the biopharmaceutical Gilead Sciences said that an experimental drug against the Covid-19 alleviated the symptoms of patients in early phases of hospitalization.

After an opening bearish for the collection of benefits, the Ibex-35 index has broken several levels of resistance to get to the bell with a rise of 3.21 percent, while the index of the pan-european FTSEurofirst 300 closed with an advance of 1.7 percent.

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