Wall St extends record rally on strong jobs report, Pfizer Covid pill cheer

October payrolls surge back as virus impact fades; travel stocks lead broader market gains

Wall Street's main indexes hit record highs in a broad-based rally on Friday as data showing strong jobs growth in October, coupled with Pfizer's COVID-19 pill update, boosted sentiment about economic growth.

Ten of the 11 major S&P sectors advanced in early trading, with economy-sensitive energy, financials and industrials gaining more than 1% each.

The small-cap Russell 2000 index added 1.5%, also scaling a record peak.

The Labor Department's report showed U.S. employment increased more than expected last month as COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter.

"Today's release is affirmation