It was a perfect day for the bulls. Oil was running higher, and the SPX opened up and hit a high of 2,844 (45.59). This looked like it was going to be the first day we finally got above 2800 and would stay there. It was not to be.
The stock was trading higher like it does most days. Going into the day, their drug “remdesivir” showed a lot of promise in treating the Coronavirus.
At 11:45 am, the test results conducted in China (of all places) was “accidentally” released by the WHO organization. According to the China study, remdesivir showed no improvement in recovery on patients. I find this interesting considering China would be hard pressed to find someone with the virus according to their propaganda machine.
I also find it interesting/suspect that the highly political WHO who recently had their allowance taken away by President Trump would accidentally post China's results on their website. It was up ONLY long enough for the media to catch it, and then taken down.
In short. . . . I don't know if the drug works or not, but I don't believe anything the WHO or China says. The WHO called Trump racist for closing down travel from China. There are a lot of things indicating that the head of the WHO is a China-paid puppet.
ALL OF THIS IS SUSPECT, POLITICAL, REVENGE, ETC, but it did cause the stock to fall from $84 to $74.40. This simultaneously took the stock market and SPX down fast and hard. The SPX dropped 50 points in minutes as can be seen in the chart above.
AAPL was up over $6 and closed down 1.07. SPX was up $45 and closed down -$1.