** S&P 500 .SPX skids early, but gains 0.5 pct on the week as strong jobs data trumps geopolitical friction Indeed, at first S&P Futures faced waves rippling across the pond But after Dow Jones Futures 1YMcv1 bobbed back up SPX had a short memory for weakness by Fri In the end, majority of sectors fishtail; financials lose most traction, though energy and tech steer forward Tech .SPLRCT up 2.1 pct, hits record high. Facebook FB.O and Alphabet GOOGL.O both gain ~5 pct as worries over Europe's new data privacy law (GDPR) ease Technology Select Sector SPDR Fund XLK.P nears its high Cons Discretionary .SPLRCD up 0.2 pct. Best sector performer General Motors (NYSE:GM) GM.N accelerates ~13 pct as Japan's Softbank 9984.T joins co in self-driving car race with $2.25 bln investment Cons Staples .SPLRCS off 0.5 pct. Packaged food, meat cos fall on Mexico's retaliation to U.S. tariffs Tyson Foods (NYSE:TSN) TSN.N , McCormick (NYSE:MKC) & Co MKC.N , lose 2-3 pct
** Financials .SPSY dip 1.3 pct. But big banks recover lost ground after May NFP report bolsters case for interest rate hike from Fed this month Financial Select Sector SPDR Fund XLF.P wading back into the channel SPX sector performance over past 12 mths: https://reut.rs/2LmnlrL
** Meanwhile, negative currency impact on North American cos' Q4 2017 results was down sharply vs prior yr, per consulting firm report and U.S. micro caps have been busy butterflies SP sectors Jun1
https://reut.rs/2LmnlrL
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