Wall Street rallies as optimism returns

Wall Street rallies as optimism returns

Saturday, July 11, 2020

Print this page Email A Friend!

NEW YORK (AP) — Optimism returned to Wall Street on Friday (July 10), and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy's recent upswing.

The S&P 500 climbed one per cent and the biggest gains came from cruise ship operators, airlines, banks and other companies that most need the economy to continue to reopen and strengthen.

The Dow Jones Industrial Average rose 369.21 points, or 1.4 per cent, to 26,075.30. The Nasdaq composite added 69.69, or 0.7 per cent, to reach 10,617.44, a new high.

The S&P 500 rose 32.99 to 3,185.04.

Analysts said an encouraging report from Gilead Sciences about its investigational treatment of COVID- 19, Remdesivir, helped drive Friday's rebound.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaper-login




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon