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Positive Pfizer News Drives Rally in Energy and Reopening Names on Friday, S&P Closes at another All-Time High

Key Takeaways

S&P closed at 4,697.52, an all-time high, which is up from last week’s close, also an all-time high, of 4,605.38.This morning’s job report was very positive. Nonfarm payrolls increased by 531,000 handily beating the 450,000 estimate. Leisure, hospitality and professional and business services led the broad-based gains and unemployment dropped to 4.6%.Energy and re-opening names led the gains today as economic growth prospects seem significantly rosier in the wake of Pfizerâ€...

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