Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020.

Brendan McDermid | Reuters

7:55 am: Dow futures point to 700-point gain, S&P 500 set for 2.5% jump at open

Futures contracts tied to the major U.S. stock indexes pointed to strong gains at the opening bell as investor optimism over the prospects of a Gilead Sciences drug treatment for the novel coronavirus ushered traders into equities. The Dow Jones Industrial Average was poised to soar some 740 points while S&P 500 futures suggested a pop of about 2.8%.

7:50 am: Remdesivir could give economy ‘fighting chance,’ Cramer says

CNBC’s Jim Cramer said on Twitter last night that remdisivir being effective in treating coronavirus would give the economy a “fighting chance.” “Every large S&P name is screaming but also the banks that are so hated…,” Cramer said in another tweet. “I think that remdesivir would cut the morbidity .. which would change how quickly we can open… and what we can do.” Cramer said in late March that investors who were betting the stock market would continue to fall long-term were “betting against science.” — Pound

7:47 am: Gilead rockets 12%

One involves people; the other, finances. But both are essential to run your business effectively.

5 min read

Opinions expressed by Entrepreneur contributors are their own.

The following excerpt is from Rick Terrien’s Ageless Startup. Buy it now from Amazon | Barnes & Noble | IndieBound.

No one can start a business with absolutely no help. Whether you’ve incorporated your own team from the outset or you simply need the right advisors to help you launch, you need to know the ins and outs of building a truly supportive team.

Support Teams

Support teams for small enterprises are critical. Here are some professional areas in which you might want to seek extra help:

  • Financial and tax advice. CPA firms can help you get your books in order, set up your payroll, map out projected quarterly tax pay­ments and assist with taxes.
  • Banking. Ask fellow professionals and entrepreneurs what banks they use and their pros and cons. Focus on what you need out of a bank — lines of credit, ease of use for online services, merchant services — and let your needs fuel your decision when setting up your finances.
  • Legal. Attorneys

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