US STOCKS-S&P, Nasdaq futures scale new heights on earnings bullishness – Reuters
- Pfizer climbs after positive COVID-19 antiviral pill data
- October payrolls surge back as virus impact fades
- Travel stocks lead broader market gains
- Pinterest rises as holiday season looks bright
- Indexes up: Dow 0.63%, S&P 0.57%, Nasdaq 0.58%
Nov 5 (Reuters) – Wall Street’s main indexes hit record highs in a broad-based rally on Friday as data showing strong jobs growth in October, coupled with Pfizer’s COVID-19 pill update, bolstered sentiment about economic growth.
Ten of the 11 major S&P sectors advanced, with three of them gaining more than 1% each. The small-cap Russell 2000 index (.RUT) added 1.6%, also scaling a record peak.
The Labor Department’s report showed U.S. employment increased more than expected last month as COVID-19 infections over the summer subsided, although worker shortages continued to boost wage growth, with annual hourly earnings increasing to 4.9% in October. read more
“Although (the data) bodes well for the recovery in the …….