It started with three losing days in a row after U.S. inflation numbers spooked investors into worrying that the Federal Reserve would taper its loose monetary policy. Markets rebounded on Thursday and Friday as fears subsided and flat retail sales data in April suggested that the central bank is probably further away from tapering and raising rates than was thought at the beginning of the week. "I actually think that perhaps the market is reading too much into the single data point that comes out from any economic report," Petursson said in an interview. The S&P/TSX composite index closed up 230.88 points to 19,366.69 to come within half a point of last Friday's record high.