Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. REUTERS/Brendan McDermid
- Futures up: Dow 0.12%, S&P 0.22%, Nasdaq 0.28%
Nov 5 (Reuters) – Futures tracking the S&P 500 and Nasdaq indexes hit a record high on Friday, boosted by a batch of strong earnings reports and Pfizer, while investors looked to monthly employment data for clues on the pace of economic growth.
Pfizer Inc (PFE.N) jumped 8.3% in pre-market trading after the drugmaker’s experimental antiviral pill for COVID-19 cut by 89% the chances of hospitalization or death for adults at risk of developing severe disease. read more
Shares of Merck (MRK.N) slipped 7.8%.
Travel stocks rose following the news, with American Airline (AAL.O), United Airlines (UAL.O), Delta Air Lines (DAL.N), cruise operators Carnival Corp (CCL.N) and Norwegian Cruise (NCLH.N) rising between 2% and 3.4%.
Among earnings moves, Expedia group (EXPE.O) jumped 12.3% after the online travel agency posted upbeat third-quarter revenue on a rebound in travel demand.
Microchip Technology (MCHP.O) added 3.7% as brokerages raised their price targets on the chipmaker’s stock on its upbeat third-quarter outlook.
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