A strong close in US equities today would have signalled the 'all-clear' for risk assets. Instead, a 2.5% gain going into the final hour of trading was whittled down to 1% at the close.
Closing changes:
- S&P 500: +1.0%
- Nasdaq Comp: +1.0%
- Russell 2000: +1.5%
- DJIA: +0.8%
- Toronto TSX Comp: -0.9% (was closed for holiday yesterday)