U.S. stocks opened sharply higher on Wednesday after President Donald Trump announced his support for specific virus relief measures. The Dow Jones Industrial Average lately advanced 344.83 points, or 1.24%, to 28,117.59. The S&P 500 rose 40.57 points, or 1.21%, to 3,401.52. The Nasdaq Composite climbed 144.16 points, or 1.29%, to 11,298.76.
Oil futures slipped Wednesday, undercut by industry data showing a rise in U.S. crude-oil inventories. West Texas Intermediate crude for November delivery fell 92 cents, or 2.3%, to $39.75 a barrel. December Brent crude dropped 81 cents, or 1.9%, to $41.84 a barrel.
President Trump on Tuesday night said he’s willing to pass several independent coronavirus relief measures — including a new round of stimulus checks — hours after pushing for a pause in negotiations on a new aid package.
Drugmaker Eli Lilly & Co. (LLY) said Wednesday it has requested that the U.S. Food and Drug Administration authorize its experimental Covid-19 antibody therapy for emergency use.
Leave a Reply
You must be logged in to post a comment.