“We’ve got the biggest capital spending boom since the financial crisis. That’s leading to record corporate profitability; we are in this virtuous circle where it’s generating profitability for other suppliers, other companies too.”

Volatility picked up this week as investors wrestled with a sharp rise in long-term Treasury yields.

U.S. stock futures rose Friday morning as optimism over a potential U.S.-Iran deal lifted oil prices and equities headed for a strong week