US stocks open higher after Google results, hopes of potential coronavirus drug

Wall Street stocks jumped early Wednesday as Boeing and Google parent Alphabet rose after earnings reports, offsetting the hit from a poor US first-quarter economic report.

Stocks were also supported by favorable comments by biotech company Gilead Sciences, which is developing a drug to treat coronavirus.

About 15 minutes into trading, the Dow Jones Industrial Average was up 1.7 percent at 24,509.20.

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