It was a great day for US equities as they delivered a peace dividend that left the S&P 500 within striking distance of the February highs.
SPX +1.1%Nasdaq +1.4%Russell 2000 +1.3%DJIA +1.1%Toronto TSX Comp +0.4%
There is a negative post-script though as FedEx reported after the bell and shares are down 2.3%. The company withdrew guidance and now sees its Q1 EPS at $3.40-$4.00 compared to the estimate of $4.03. The company also cuts its capex.
This article was written by Adam Button at www.forexlive.com.