Stocks rally to new record highs on strong jobs data and Pfizer Covid pill news
CNN
Wall Street got a double dose of good news to cheer on Friday. The job market rebounded sharply in October following a disappointing September. And Pfizer surged after issuing positive data about its Covid-19 pill.
The Dow was up nearly 100 points, or 0.3%, and hit a new record high in mid-afternoon trading. The Nasdaq fell 0.2% and the S&P 500 gained 0.1%.
Both indexes reached new all-time high levels Friday morning, with the S&P topping the 4,700 mark and the Nasdaq exceeding 16,000. But all three indexes pulled back from the highs they hit earlier in the day.
In the days and weeks leading up Hunter Biden’s trial on felony gun charges, President Joe Biden made little attempt to distance himself from his son. Instead, Hunter Biden was seen at the White House and in Delaware at his father’s side amid what the president’s allies acknowledge is a difficult moment for both men.