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Shares Up On Coronavirus Drug Hopes

Video Credit: Wochit Tech - Duration: 00:35s - Published
Shares Up On Coronavirus Drug Hopes

Shares Up On Coronavirus Drug Hopes

NEW YORK (Reuters) - World stock markets surged on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared.

MSCI’s gauge of stocks across the globe gained 2.47%.

Major U.S. averages were up well over 2%, while the pan-European STOXX 600 index rose 1.75%.

A top U.S. health official said Gilead Sciences Inc’s (GILD.


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