- The Nasdaq rose 0.2% to close Friday?s session at a record high 15,972.
- Peloton shares tanked 35% on FY22 guidance and Q1 results.
- Pfizer surged 10% after releasing positive test results of COVID-19 pill.
The US markets closed at fresh records across the three key indices on Friday as the labour market released October jobs data showing employers added 531,000 jobs last month which was better than expected and higher than the growth of prior months.
The Dow Jones rose 0.56% to finish the trading day up 204 points to close at 36,328 points.
The tech heavy NASDAQ rose 0.2% to finish the trading day up 31 points to close at 15,972 points with Facebook and Google gaining 1.57% and 0.38% respectively.
One bitcoin is worth US$62,831 going into the Asian trading day.
The Australian dollar is stronger against the major currencies and is buying 73.96 US cents.
Fitness equipment and media company Peloton tanked 35.28% on Friday after releasing Q1 results and providing guidance for FY22. The company met expectations for Q1 in terms of reporting revenue of US$805m and 2.49 million connected-fitness subscriptions but the company slashed its sales forecast by as much as US$1bn as consumers head back to the gym post pandemic.
Pfizer shares surged 10.86% on Friday after the drugmaker released positive test results for a pill it is developing to fight COVID-19. Pfizer said the pill cut the risk of hospitalisation or death by 89% in the trial of high-risk adults.
And Apple has reportedly hired a former Tesla engineer to boost its car-development efforts.