# Stock market live Wednesday: Dow soars 532, Gilead drug hopes, Powell pledges to do more

> US stocks surged after Gilead reported positive remdesivir trial results, and the Fed signaled rates would stay near zero. WTI settled up 22% at $15.06 per barrel, its first gain in three sessions.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53573-stock-market-live-wednesday-dow-soars-532-gilead-drug-hopes-powell-pledges-to
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Oil's sharp rebound from depressed levels reflects improving demand expectations, which lifts energy-linked costs and biofuel economics. The rally is a routine market move driven by sentiment rather than a new supply event.

## Read by commodity

- WTI: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2020/04/29/stock-market-live-updates-dow-futures-up-150-waiting-for-gdp-alphabet-surging.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.