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U.S. stocks finished in record territory Friday after the October jobs report showed a surge in hiring.
The Dow Jones Industrial Average climbed 204 points, or 0.57%, while the S&P 500 index and the Nasdaq Composite index advanced 0.37% and 0.2%, respectively. The gains, which propelled all three of the major averages to all-time highs, came after the October nonfarm payroll report showed the U.S. economy added 531,000 jobs last month, ahead of the 450,000 estimate. The unemployment rate slipped to 4.6%.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 48382.39 | +319.10 | +0.66% |
| SP500 | S&P 500 | 6858.47 | +12.97 | +0.19% |
| I:COMP | NASDAQ COMPOSITE INDEX | 23235.62896 | -6.36 | -0.03% |
Following the report, the yield on the 10-year note fell 7 basis points to 1.45% to close at its lowest level since Sept. 23.
In stocks, Pfizer Inc. said its antiviral pill for COVID-19 reduces the chances of hospitalization and death by 89%. The company plans to seek emergency-use authorization for the drug. Rival Merck & Co. said last month its antiviral pill reduced the risk of hospitalization and death by 50%.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PFE | PFIZER INC. | 25.18 | +0.28 | +1.12% |
| MRK | MERCK & CO. INC. | 106.45 | +1.19 | +1.13% |
Peloton Interactive Inc. shares were sharply lower after the company reported a wider-than-expected loss and slashed its full-year outlook due to slowing demand for its products as consumers return to gyms and purchase other at-home workout options.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PTON | PELOTON INTERACTIVE INC. | 6.12 | -0.04 | -0.65% |
Airbnb Inc. reported record quarterly revenue as countries lifted restrictions for vaccinated travelers.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| ABNB | AIRBNB INC. | 133.01 | -2.71 | -2.00% |
Uber Inc. booked its first quarterly profit on an adjusted basis as the company’s ride-hailing and delivery service businesses both showed strength.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UBER | UBER TECHNOLOGIES INC. | 82.86 | +1.15 | +1.41% |
Square Inc.’s quarterly sales fell short of Wall Street estimates as revenue tied to Bitcoin missed the mark.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SQ | NO DATA AVAILABLE | - | - | - |
DraftKings Inc., Expedia Group Inc. and Goodyear Tire & Rubber Co. were among the other companies that reported on Friday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DKNG | DRAFTKINGS INC. | 35.66 | +1.20 | +3.48% |
| EXPE | EXPEDIA GROUP INC. | 282.94 | -0.37 | -0.13% |
| GT | GOODYEAR TIRE & RUBBER CO. | 8.92 | +0.16 | +1.83% |
In commodities, West Texas Intermediate crude oil jumped $2.46 to $81.27 a barrel and gold ticked up $23.40 to $1,816.40 an ounce.
Overseas markets were mixed.
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European bourses rallied across the board with Germany’s DAX advancing 0.15%, France’s CAC 40 adding 0.76% and Britain’s FTSE 100 climbing 0.33%.
In Asia, Japan’s Nikkei 225 lost 0.61% while China’s Shanghai Composite and Hong Kong’s Hang Seng index declined 1% and 1.41%, respectively.