Stock market today: Dow futures rip 800 points higher amid report Gilead drug showing effectiveness treating coronavirus

U.S. stock futures surged on Thursday night after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus. The move pointed to a jump for the stock market on Friday.

Dow Jones Industrial Average futures were up 800 points, or about 3.4%. S&P 500 futures gained 3.2% while Nasdaq 100 futures were up by 2.1%.

Gilead shares jumped by 14% in after-hours trading after STAT news reported that a Chicago hospital treating coronavirus patients with Remdesivir in a trial were recovering rapidly from severe symptoms. The publication cited a video it obtained where the trial results were discussed.

Source: Stock market today: Dow futures rip 800 points higher amid report Gilead drug showing effectiveness treating coronavirus