Stocks Sink With U.S. Futures; Crude Oil Higher: Markets Wrap

(Bloomberg) — Asian stocks slipped Friday as investors weighed signs of progress in the fight against the coronavirus against data showing the severity of the impact on economies. Oil climbed back above $17 a barrel.Japanese shares dipped along with those in Hong Kong and Korea, while Australian equities edged higher. S&P 500 contracts fell after the index erased a 1.6% gain in Thursday’s session to end little changed. Gilead Sciences Inc.’s antiviral drug remdesivir was reported to have flopped in its first randomized clinical trial, though the company disputed that characterization. Treasuries added to gains and the dollar was little …read more

Source:: Yahoo Finance

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