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US stocks eye fresh record highs as upbeat jobs report boosts economic optimism

November 5, 2021

US stocks signaled new record highs Friday as an upbeat jobs report boosted economic optimism in the country.

The benchmark S&P 500, which closed at a record high for the 63rd time in the previous session on Thursday, added to gains after the strong payroll data came out. The tech-heavy Nasdaq Composite also rallied despite shares of Peloton tumbling 33% on a bigger-than-expected loss and lower earnings guidance.

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