Market recap: Stocks closed near session highs, taking optimism from improved guidance from...

Market recap: Stocks closed near session highs, taking optimism from improved guidance from FedEx (FDX +5.6%) and a boost in home sales that sent prices for homebuilders higher (ETF: XHB). The S&P finished above 1,110, considered a key resistance level. NYSE advancing issues beat losers more than three to one, but volume was very light.