Markets

The value of new factory orders fell 0.8% in April, below the 0.5% decline expected by analysts.

The Conference Board's Employment Trends Index (ETI) slid to 107.69 in May from a downwardly revised 108.00 in April.

The New York economy continues to expand, even as revenues slumped in May.

Governor says federal help is an unprecedented opportunity to improve the islands' infrastructure, economy and government revenues.

Munis turned mostly weaker on Friday as the market prepared for a fourfold jump in issuance after a holiday shortened week.

Municipal bonds were mostly weaker Friday after a strong employment report and ahead of next week’s almost $10 billion new issue slate.

They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding.

Construction spending surged by 1.8% in April, well above the 0.8% gain expected, mainly due to a 4.5% jump in private residential construction.

According to the ISM's monthly report on business, the ISM index increased to 58.7 in May from 57.3 in April.

U.S. hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the strong labor market will keep powering economic growth.