U.S. stocks rallied to record levels on Friday after the October jobs report came in better than expected, boosting optimism about the economic recovery.
A major development from Pfizer regarding its easy-to-administer COVID-19 pill fueled hope for a smooth reopening further, sending shares of airlines and cruise line operators soaring.
The Dow Jones Industrial Average rose 203.72 points, or nearly 0.6 percent, to 36,327.95. The S&P 500 gained 0.4 percent to 4,697.53 for its seventh straight positive day. The tech-heavy Nasdaq Composite edged up 0.2 percent to 15,971.59. All three major averages reached their respective record closing highs.
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