Morning Report 30 Apr 20: US sharemarkets rose on Wednesday

US sharemarkets rose on the back of positive trial results data for a potential coronavirus treatment from Gilead Sciences (+5.7%). Alphabet shares rose 8.9% after reporting a revenue growth decline that was less steep than forecast. Boeing shares lifted 5.9% after the plane-maker announced it would shrink its workforce and production due to weaker demand. The Dow Jones index rose by 532 points or 2.2%. The S&P500 index lifted by 2.7% and the Nasdaq index rose by 307 points or 3.6%. 

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