US equity close: Massive gains

<p>Closing changes:</p><ul><li>S&amp;P 500 up 1.9%</li><li>DJIA +1.7%</li><li>Russell 2000 +2.5%</li><li>Nasdaq Comp +1.8%</li><li>Toronto TSX Comp +2.75%</li></ul><p>There was a small pullback today just ahead of the European close but otherwise, it was one-way traffic and stocks closed right at the highs. I thought we might see some angst ahead of Apple earnings or tomorrow's data but that wasn't the case at all. What a day.</p><p>It was the best day of the year for Canadian stocks and included a huge rebound in US regional banks, helped along by a tweet from Bill Gross, who said he was buying them.</p>

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