Overnight Market Brief – 8 November 2021
US stocks rallied to record levels on Friday after the October jobs report came in better than expected, boosting optimism about the economic recovery. The Dow Jones Industrial Average (+0.6%) rose 203.72 points to 36,327.95. The S&P 500 (+0.4%) gained to 4,697.53 for its seventh straight positive day. The tech-heavy Nasdaq Composite (+0.2%) edged up to 15,971.59. All three major averages reached their respective record closing highs. The VIX Index (+6.74%) rose to 16.48. Treasuries also soared, with the 10-year yield dropping to 1.45%.