US stocks closed at record levels on Friday after the October job report showed a surge in new hires.
The Dow Jones Industrial Average rose 204 points, or 0.57%, while the S&P 500 index and Nasdaq Composite index rose 0.37% and 0.2%, respectively. The gains, which drove all three big averages to all-time highs, came after October’s payroll report showed the US economy created 531,000 jobs last month, ahead of the estimate of 450,000. The unemployment rate fell to 4.6%.
| ticker | safety | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGE VALUES | 36432.22 | +104.27 | + 0.29% |
| SP500 | S&P 500 | 4701.7 | +4.17 | + 0.09% |
| Me: COMP | NASDAQ COMPOSITE INDEX | 15982.357379 | +10.77 | + 0.07% |
According to the report, the 10-year bond yield fell 7 basis points to 1.45%, closing at its lowest level since September 23.
On stocks, Pfizer Inc. said its antiviral pill for COVID-19 reduced hospitalization and death chances by 89%. The company plans to apply for emergency approval for the drug. Rival Merck & Co. announced last month that its antiviral pill reduced the risk of hospitalizations and death by 50%.
| ticker | safety | Last | Change | Change % |
|---|---|---|---|---|
| PFE | PFIZER INC. | 48.35 | -0.35 | -0.72% |
| MRK | MERCK & CO., INC. | 82.69 | +1.09 | + 1.33% |
Peloton Interactive Inc. stocks were down sharply after the company reported an unexpectedly large loss and lowered its full year outlook on slacking demand for its products as consumers return to gyms and purchase other exercise options to take at home.
| ticker | safety | Last | Change | Change % |
|---|---|---|---|---|
| PTON | PELOTON INTERACTIVE, INC. | 51.25 | -4.39 | -7.89% |
Airbnb Inc. reported record sales for the quarter as countries lifted restrictions on vaccinated travelers.
| ticker | safety | Last | Change | Change % |
|---|---|---|---|---|
| ABNB | AIRBNB, INC. | 200.32 | -1.30 | -0.64% |
Uber Inc. posted its first quarterly profit on an adjusted basis as the company’s ride and delivery services businesses were both strong.
| ticker | safety | Last | Change | Change % |
|---|---|---|---|---|
| ABOVE | UBER TECHNOLOGIES, INC. | 45.84 | -1.35 | -2.86% |
Square Inc.’s quarterly sales fell short of Wall Street estimates as Bitcoin-tied revenues missed the mark.
| ticker | safety | Last | Change | Change % |
|---|---|---|---|---|
| SQ | SQUARE, INC. | 236.57 | -0.66 | -0.28% |
DraftKings Inc., Expedia Group Inc., and Goodyear Tire & Rubber Co. were among the other companies that reported on Friday.
| ticker | safety | Last | Change | Change % |
|---|---|---|---|---|
| DKNG | DRAFTKINGS, INC. | 44.78 | +1.16 | + 2.66% |
| EXPE | EXPEDIA GROUP, INC. | 188.43 | +6.26 | + 3.44% |
| GT | GOODYEAR TIRE & RUBBER CO. | 08/23 | -1.06 | -4.39% |
For commodities, West Texas Intermediate crude rose $ 2.46 to $ 81.27 per barrel and gold rose $ 23.40 to $ 1,816.40 an ounce.
The overseas markets were mixed.
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The European stock exchanges recovered across the board, with the German DAX gaining 0.15%, the French CAC 40 gaining 0.76% and the British FTSE 100 gaining 0.33%.
In Asia, the Japanese Nikkei 225 lost 0.61%, while the Chinese Shanghai Composite and Hong Kong’s Hang Seng Index fell 1% and 1.41%, respectively.
