Stocks Skyrocketing to Close Out the Week, Virus Treatment Hopes, Consumers Stock Up

Published: April 17, 2020, 2:10 p.m.

b'The "Squawk on the Street" team digests the news moving the market. Stocks surging to close out the week as hopes of a treatment for the coronavirus comes to light.\\xa0Shares of Gilead surging after a report that a Chicago hospital treating coronavirus patients with remdesivir in a trial were recovering rapidly from severe symptoms.\\xa0President Trump rolling out his three phase plan to reopen the U.S. economy.\\xa0Plus, Procter & Gamble reporting results with U.S. sales surging 10% as consumers stocked up on goods ahead of the peak of the outbreak.'