Following the market
| 28/04/2020 | 29/04/2020 | Change | % change | |
| S & P 500 | $2863.39 | $2939.51 | 76.12 | 2.66% |
| U.S. 6 – month bond yield | 0.13% | 0.12% | 0.0001 | 7.70% |
| U.S. 30-year bond yield | 1.20% | 1.24% | 0.0004 | 3.33% |
| WTI crude | $13.40 | $16.01 | 2.61 | 19.48% |
| Gold | $1721.00 | $1731.8 | 10.8 | 0.63% |
| Currency (EUR-USD) | $1.1 | $1.1 | 0 | 0 |
| Microsoft corporation | $169.81 | $177.43 | 7.62 | 4.49% |
Closing bell report summary
Stocks rose Wednesday in hopes of Coronavirus treatment. The Dow Jones Industrial rose 532 points; the Nasdaq Composite rose by 306 points while the S&P 500 rose by 76 points. Part of the stocks rally on Wednesday was an announcement by Gilead Science on hope for coronavirus treatment following a clinical trial on a drug meant to treat Covid-19. Following the announcement, the shares of Gilead Science rose by 5.7%. The stock markets were also boosted by Fed chair Powell’s announcement that the central bank is in no hurry to end measures to boost the economy.
Microsoft news today
Microsoft Corp. today announced the following results for the quarter ended March 31, 2020, as compared to the corresponding period of last fiscal year:
- Revenue was $35.0 billion and increased 15%
- Operating income was $13.0 billion and increased 25%
- Net income was $10.8 billion and increased 22%
- Diluted earnings per share were $1.40 and increased 23%
WSJ what’s News — Top stories today
The stock markets rallied a bit today on hopes for a coronavirus treatment and the announcement by the Fed chair Powell announcement that the central bank is in no hurry to end measures to boost the economy. All major indexes were up. Concerning the coronavirus, shares of Gilead Sciences rose by 5.7% after a report that patients taking their drugs were showing signs of recovery. However, the treatment has faced mixed reactions all through the health sectors, and it seems not to be the silver bullet. Elsewhere, The U.S. economy shrank in the first quarter by the fastest pace since the last recession. The GDP contracted by a seasonally adjusted annual rate of 4.8%, which economists predicted as signs of a recession. Following the economic downfall, the Federal Reserve pledges aggressive action to support recovery. In other news, corporations continue to report their first-quarter revenues. Google parent company reported hefty earnings, which caused its shares to rise by almost 10%. The shares of Facebook also increased by 6% ahead of its earnings report, which came after the bell. However, some companies such as Boeing are on the receiving end of the COVID-19 pandemic, with its business heavily disrupted, leading to thousands of jobs being lost in the company.