//
you're reading...
D&D Note

D&D Note (4.23.2020) ~ Gilead Deflates the Rally and 26 Million Jobless Claims ~ #StockMarket #Gilead

wall-street-bull-sculpture small

D&D Note (4.23.2020) ~ Gilead Deflates the Rally and 26 Million Jobless Claims ~

Markets opened with a rally then an accidental published news from the WHO on Gilead drug Remdesivir brought markets straight down. The news was the possible Covid-19 treatment did not improve patients’ condition.

Gilead pushed back saying the study was terminated early due to low enrollment. Shares of Gilead closed down 4.3%.

DOW up 0.17%

S&P 500 down -0.05% (2797.80)

NASDAQ down -0.01%

VIX down 1.43% to 41.38

WTI continues to rally up 19.7% today to $16.50 a barrel.

America saw an additional 4.4 million people filed for unemployment pushing the total jobless claims to 26 million.

Markets more or less ended the day flat and the S&P 500 remains pegged to the 50% retracement from the previous highs.

 

~ Dave James / Principal Trader and Market Strategist

About ddinvestments

Trading Partner for D&D Investments

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: