US equities bounce back bigtime

Closing changes:

• S&P 500 +38 points to 5199 or +0.7%
• Nasdaq up 1.7%
• Russell 2000 up 0.7%
• DJIA flat
• Toronto TSX Comp -0.3%

The Nasdaq is within striking distance of its all-time high as chipmakers and Apple fuelled a big rebound from yesterday’s declines. This is a similar rebound after the selloff on March CPI, though it took longer.

In any case, the index is back within striking distance of an all-time high.

This article was written by Adam Button at www.forexlive.com.