Wall Street closes higher on Trump's relief remarks

Friday, 09. October 2020 22:00

Equities on major United States stock markets closed the trading session on Friday in the green after President Donald Trump expressed a desire for an economic stimulus bill bigger than those "either the Democrats or Republicans are offering," after stating earlier that the negotiations between the White House and Congress were "moving along." Meanwhile, Gilead CEO Daniel O'Day revealed the company would have a sufficient global supply of its coronavirus treatment remdesivir by the end of October.

The Dow Jones Industrial Average index gained 0.57% at the close. Microsoft was the best performer, jumping 2.48%. The Nasdaq 100 surged 1.51% and the S&P 500 rose by 0.88% at the end of the trading session as Xilinx led the gains on both indexes, soaring 14.11%.

The euro was 0.56% higher compared to the dollar, changing hands for 1.18225 at 3:59 pm ET.

Related Links: 
Author:
Breaking the News / MS