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Dow Jumps 200 Points to a Record on Strong Jobs Report

S&P 500 notches 7th straight day of gains

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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