US equities surged, with S&P 500 near February highs: SPX +1.1%, Nasdaq +1.4%, Russell 2000 +1.3%, DJIA +1.1%, Toronto TSX Comp +0.4%. FedEx shares dropped 2.3% post-earnings report, cutting Q1 EPS guidance to $3.40-$4.00 due to weak US industrial economy. CFO cites demand constraints for business services.
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