- Solid improvement in business conditions
- A rebound in exports supported overall new business growth in March
- A weaker Canadian dollar contributed to further upturn in cost inflation
A record close for the Nasdaq was looking likely on Friday, June 9, until a swift and unexpected selloff in tech dragged the index from its heights.
A sudden, surprising selloff in technology names pulls the S&P 500 and Nasdaq from record intraday highs set earlier in the session.
Triple-threat Thursday is one for the books, but Wall Street has already turned its attention to a potential rate hike from the Federal Reserve in the coming week.