Wall Street indices climbed after employment figures showed hiring picked up in October and the unemployment rate fell. Here’s what we’re seeing in Friday’s trading:
- Shares of Peloton Interactive plunged after the maker of connected fitness equipment reported its smallest quarterly gain in subscriber growth since going public two years ago. He also said that fewer people are joining his workouts online.
- Airbnb had record third quarter revenue, punctuating the roommate company’s rebound after bookings collapsed at the start of the pandemic.
- Wells Fargo lifted its price target for Nvidia shares on Thursday and posted its best one-day performance in 19 months.
- Pfizer said a preliminary review of the study’s results indicated that its experimental pill was very effective in preventing people at high risk of severe Covid-19 from needing hospitalization or dying.
- Expedia posted a profit in the third quarter, driven by the performance of its Vrbo business, domestic travel and improvements in its lines of business.
- Square reported lower-than-expected revenue as the payments company generated much lower revenue from bitcoin cryptocurrency than analysts expected.
- GoPro has far exceeded expectations for its last quarter and the camera maker has expressed confidence in its ability to meet its annual targets.
- DraftKings saw third quarter revenue growth that fell short of analysts’ expectations and generated a larger than expected net loss.
- Yelp reported record quarterly revenue and profits that exceeded Street’s estimates for the online reviews site.
- American Homes 4 Rent posted better-than-expected results last quarter as demand for single-family home rentals remained strong.
- Current and former Boeing directors have reached an estimated $ 225 million deal to settle a shareholder lawsuit over the plane maker’s board of directors failing to properly oversee safety issues related to the 737 MAX .
Card of the day
- Investors have rocked government bond markets over the past month as they reassess what will happen to the basic cost of money that underlies the financial system. But other markets don’t seem to care.
Write to James Willhite at [email protected]
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