Stocks made a strong bounce, ending three straight days of losses, as encouraging economic data and an upbeat forecast from FedEx helped the market shift its focus from Japan to the domestic recovery.Tech stocks pulled back from session highs, but many bellwethers closed in the green. Apple added 1.4% as Credit Suisse started its coverage with an outperform rating and $500-a-share price target. Qalcomm climbed almost 4%, saying that it doesn’t foresee any significant impact on its semiconductor supply chain resulting from the disasters in Japan. Implied volatility stepped lower on positive news.
