U.S. stocks rallied on Friday after the October jobs report came in better than expected, boosting optimism about the economic recovery.
The Dow Jones Industrial Average rose 203 points, while S&P 500 gained 0.5%, on pace for its seventh straight positive day. The tech-heavy Nasdaq Composite climbed 0.4%.
A major development in the fight against the pandemic boosted shares of Pfizer, which rose more than 7% after the company said its Covid-19 drug, used with an HIV drug, cut the risk of hospitalization by 89%.
Recovery stock Expedia saw its shares roar higher by 13% a day after the company said renewed travel demand boosted its top and bottom lines higher than analysts had expected.
Peloton shares cratered more than 33% after the fitness platform and maker of interactive treadmills and exercise bikes reported a much larger loss than expected and cut its full-year outlook as fitness buffs headed back to the gym and away from at-home workouts.
DraftKings,the online sports betting company, was falling Friday after reporting a third-quarter loss wider than analysts’ expectations and revenue that missed forecasts.
精彩评论