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Wall Street stocks have been mostly larger early Friday in uneven buying and selling as markets assess the potential financial fallout from rising coronavirus circumstances within the US, the world’s greatest economic system.
About 75 minutes into buying and selling, the Dow Jones Industrial Average was up 0.7 p.c to 25,883.87.
The broad-based S&P 500 gained 0.three p.c to three,161.51, whereas the tech-rich Nasdaq Composite Index shed 0.1 p.c to 10,540.87, pulling again barely from a document.
Investors have largely shrugged off the soar in coronavirus circumstances in Florida, Texas and different states, partly as a result of the US loss of life price has been a lot decrease than earlier this spring.
But plenty of states have reported document deaths in current days, elevating fears that the development is reversing.
However, markets have been lifted by an announcement Friday from Gilead Sciences that its remdesivir drug confirmed a 62 p.c discount within the danger of mortality throughout a medical trial. Shares of Gilead rose 2.7 p.c.
This story has been printed from a wire company feed with out modifications to the textual content. Only the headline has been modified.
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