Markets Live Recap: Stocks Jump After Successful Treatment Trials

Investors got another vote of confidence today and bid stocks higher after Dr. Anthony Fauci expressed optimism about a potential coronavirus treatment from Gilead Sciences Inc. (NASDAQ: GILD). Gilead's Remdesivir drug preliminary results showed at least 50% of patients treated with a five-day dosage improved. The S&P 500 jumped 2.6%, putting the index on track for its best month since 1974. At the same time, the curve does not appear to be flattening in the United States yet. As of yesterday, over 1 million Americans have officially been diagnosed with the coronavirus. And 32 million Americans are still officially unemployed. That's approximately 19.5% of the 164.5 million total work force. The stock market is clearly not representing the economy right now. Instead, it's being propped up by the government. Here's what our experts - Chris Johnson, Tom Gentile, and Shah Gilani - thought about today's positive move and where they see stocks moving forward. The post Markets Live Recap: Stocks Jump After Successful Treatment Trials appeared first on Money Morning - We Make Investing Profitable . Read more... Tags: Stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.