U.S. stocks rose market indices to new record highs as coronavirus fears dissipate for investors. On Wednesday, researchers at Zhejiang University reported that they had found a drug to treat those infected with the virus. Meanwhile, U.K.'s Sky News stated that a team at Imperial College London had made significant breakthroughs in their research towards a cure. So far, the World Health Organization has said that there is no specific medicine that can prevent or treat the virus, but the news was good enough for investors to take a less defense stance in their trades.
Here's how the market closed for the mid-week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, Tesla
In Stock Sector News, every sector except Real Estate, who dropped a modest -0.07%, saw positive stock performance gains. The gains were lead by Energy +3.78%, Financials +1.97%, Health Care +1.97%, Materials +1.86%, Industrials +1.66%, Consumer Staples +0.76%, Information Technology +0.60%, Consumer Discretionary +0.49%, Utilities +0.42% and Communication Services +0.05%.
Lastly, in Commodity and Currency News, oil saw some recovery today following better market outlook towards global demand and trade. West Texas Intermediate's