Investors got a boost of confidence on Friday morning, as favorable employment data signaled that the U.S. economy is strengthening despite concerns about new COVID-19 variants and their potential effect on reopening efforts.
The Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) looked poised to reach new all-time highs based on their earlier advances, and only the Nasdaq Composite (NASDAQINDEX: ^IXIC) lagged behind. As of 10:30 a.m. EDT today, the Dow was up 132 points to 35,196, the S&P was up 6 points to 4,436, and the Nasdaq had fallen 53 points to 14,842.
Plenty of stocks moved higher, but a couple of companies stood out in Friday morning's market action. Virgin Galactic Holdings (NYSE: SPCE) moved higher on news about how it intends to market its space tourism business. Meanwhile, Magnite (NASDAQ: MGNI) reported earnings that demonstrated the broad appeal in the provider of a sell-side programmatic advertising platform, and what the company sees in its future.
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These 2 Stocks Helped Send the Market Toward New Record Highs Friday