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Investing.com — U.S. stock markets opened sharply higher on Friday as hopes for a medical breakthrough to beat the Covid-19 virus combined with further signs of economic life restarting to lift spirits ahead of the weekend.
By 9:44 AM ET (1344 GMT), the Dow Jones Industrial Average was up 493 points, or 2.1%, at 24,032 points, while the S&P 500 was up 1.9% and the Nasdaq 100 was up 0.9%.
The DJIA was lifted by news that index heavyweight Boeing (NYSE:BA) aims to partially restart production at its Washington state plant from Monday. The Nasdaq was supported by a 10.5% rise in Gilead Sciences (NASDAQ:GILD) stock, after leaked video footage of biologists discussing apparently favorable tests of its experimental drug remdesivir encouraged hopes that it could be used to treat Covid 19.
