U.S. stock lower in pre-market trading for,April 20.The Dow Futures is trading at 23,698.00 with a loss of -1.91% percent or -461.00 point.The S&P 500 Futures is trading at 2,873.75 up with +3.09% percent or +86.25 point.The Nasdaq Futures is trading at 8,707.00 with a loss of -1.16% percent or -102.00 point.
In other parts of world, Japan’s Nikkei 225 is trading at 19,669.12 with a loss of –1.15% percent or –228.14 point. Hong Kong’s Hang Seng is trading at 24,348.43 with a loss of –0.13% percent or –31.57 point. China’s Shanghai Composite is trading at 2,852.55 up with +0.50% percent or +14.06 point. India’s BSE Sensex is trading at 31,575.89 with a loss of –0.041% percent or –12.83 point at 12:15 PM.Germany’s DAX is trading at 10,486.11 with a loss of –1.31% percent or –139.67 point. France’s CAC 40 is trading at 4,438.15 with a loss of –1.35% percent or –60.85 point. The Stoxx Europe 600 is trading at 330.56 with -0.87% percent or –3.06 point.
Monday’s Factors and Events
A little bit of good news on a treatment for the coronavirus turned our usual Friday selloff into a solid Friday rally… and helped the indices to a second straight week of gains.
The market was buzzing today over a STAT article that said patients were responding well to Gilead (NASDAQ:GILD) Sciences’ (GILD, +9.7%) remdesivir.
While there’s still tons of questions, investors appreciate any kind of potential progress on fighting the outbreak that could help our shuttered economy get back to work.
This report came out at about the same time the White House released guidelines for opening certain parts of the economy. It will ultimately be up to the governors to make the final decision, but, again, this news suggests that we may be toward the end of this painful ordeal.
For the day the Dow is trading at 24,242.49 up with 2.99% percent or +704.81 point. The S&P 500 is trading at 2,874.56 up with +2.68% percent or +75.01 point. The Nasdaq Composite is trading at 8,650.14 up with +1.38% percent or +117.78 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,229.10 up with +4.33% percent or +51.01 point; the S&P 600 Small-Cap Index closed at 722.58 with 4.51% percent or +31.16 point; the S&P 400 Mid-Cap Index closed at 1,561.43 up with +3.71%percent or +55.79 point; the S&P 100 Index closed at 1,320.68 up with +2.15% percent or +27.78 point; the Russell 3000 Index closed at 1,653.16 up with +2.87% percent or +46.13 point; the Russell 1000 Index closed at 1,575.88 up with 2.79%or +42.72 point..