Wall Street indexes climbed after jobs figures showed that hiring picked up in October and the unemployment rate fell. Here’s what we’re watching in Friday’s trading:
- Peloton Interactive shares plunged after the maker of connected fitness equipment reported its smallest quarterly gain in subscriber growth since it became a public company two years ago. It also said that fewer people are joining its online workouts.
- Airbnb posted record revenue in the third quarter, punctuating the home-sharing company’s rebound from the collapse in bookings during the early days of the pandemic.
- Wells Fargo on Thursday lifted its price target for Nvidia shares, and they notched their best one-day performance in 19 months.
- Pfizer said a preliminary look at study results indicated that its experimental pill was highly effective at preventing people at high risk of severe Covid-19 from needing hospitalization or dying.
- Expedia turned a profit for the third quarter, driven by the performance of its Vrbo business, domestic travel and improvements across its lines of business.
- Square reported weaker-than-expected revenue as the payments firm brought in far lower revenue from cryptocurrency bitcoin than what analysts were expecting.
- GoPro easily exceeded expectations for its most recent quarter and the camera maker expressed confidence in its ability to hit its full-year targets.
- DraftKings posted third-quarter revenue growth that fell short of analysts’ expectations and turned in a steeper net loss than had been anticipated.
- Yelp reported record-tying quarterly revenue and earnings that blew past Street estimates for the online-reviews site.
- American Homes 4 Rent reported better-than-expected results in the latest quarter as the demand for single-family home rentals remained strong.
- Current and former directors of Boeing have reached an approximately $225 million agreement to settle a shareholder lawsuit that claimed the plane maker’s board failed to properly oversee safety matters related to the 737 MAX.
Chart of the Day
- Investors have jolted government bond markets in the past month as they reassess what will happen to the basic cost of money that underpins the financial system. But other markets don’t seem to care.
Write to James Willhite at [email protected]
