"The Trump economy continues to work very, very well," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco. Concerns that rising rates will dampen future growth have sent U.S. stocks tumbling on several occasions this year. But investors said they did not find Friday's data concerning. The Nasdaq was just over 1 percent away from a record high as tech stocks largely cushioned the index in the past week even while the broader markets suffered. By comparison, the S&P 500 was 4.8 percent off its Jan. 26 peak.

Source: The Star June 01, 2018 20:26 UTC