By Devik Jain

(Reuters] – Futures for the Nasdaq Indexes and Futures of them reached a new record on Friday thanks to a string of positive earnings reports. Pfizer Investors looked at monthly employment data to determine the rate of economic growth,

Pfizer Inc. (NYSE:) rose 8.3% in premarket trading following the experimental antiviral medication for COVID-19, which saw 89% fewer deaths or hospitalizations for those at highest risk.

Merck shares dropped 7.8%

The news brought up travel stocks, including American Airline and United Airlines (NYSE:), Delta Air Lines (NYSE :), Carnival Cruise Operators (NYSE 🙂 Corp, and Norwegian Cruise, which rose between 2% to 3.4%.

There are several earnings movements Expedia After the company posted positive third-quarter revenues, which was due to a rise in travel demand, (NASDAQ:) group surged 12.3%

Microchip Technology (NASDAQ) gained 3.7% after brokerages increased their price targets for the stock of this chipmaker based on its positive third quarter outlook.

Nvidia Corp (NASDAQ:) shares also rose 2.7%. This stock would add nearly 17% to the rally that occurred in the preceding session.

Pinterest (NYSE) Inc climbed 4.6% as the image-sharing platform expects to see fourth-quarter revenue growth of high teens due to retail ad spending having boomed prior the holidays.

Investors have been able to take advantage of a stellar third quarter reporting season and a positive outlook on earnings growth, as well as the fact that the central bank is not in rushing to raise interest rates. This has helped them see past concerns about inflation, supply chain disruptions, and labor shortages.

Now, the Labor Department will release its closely-watched nonfarm payrolls reports at 0830 AM ET. These will most likely reveal that U.S. job growth was accelerated by subsidizing COVID-19 infection in October, but worker shortages continued to persist.

The S&P 500 and Nasdaq notched record high closes for sixth straight sessions on Thursday as investors digested the Federal Reserve’s decision to start reducing its monthly bond purchases.

During the meantime, the U.S. House of Representatives should vote Friday on the bill on social policy and climate change and a bipartisan bill on infrastructure.

At 07:14 AM. ET was up 33 points or 0.09% and ET was up 11 points or 0.24%. ET also increased 52.25 points or 0.32%.

Mega-cap technology stocks Amazon.com (NASDAQ:), Apple Inc (NASDAQ:), Microsoft Corp (NASDAQ) and Alphabet (NASDAQ) Inc moved higher. Big banks also rebounded after a severe fall the previous session.

Peloton Interactive (NASDAQ) Inc fell 32.4% following a reduction of its full-year sales forecast by as high as $1 billion.