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S+P 500 rebounds to close back above 5k as US earnings season gets more fully underway

Yesterday the rebound in the S+P 500 did eventually rise back above 5k. The move higher extended to a high at 5,038.84, but the index could not hold all of that gain and later closed at 5,010.60. Nevertheless, the close was back above 5k and was a 43 point gain on the day. The lack of further risk aversion was one element at play here and also we have a whole plethora of US earnings due out later today, as the Q1 US earnings season gets more fully underway. The Asian markets, outside of China are mostly higher today and that has helped to keep the S+P futures elevated above 5k so far. The index is right now priced to reopen at around 5,007 
 

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