US equity markets rallied, lifting the S&P500 into fresh technical bull market territory - Dow up +780-points or +3.44%. Caterpillar Inc rose +4.5% after the company said that it has decided to maintain its quarterly dividend of US$1.03 per share, with the next dividend payable 20 May to shareholders recorded on the register on 20 April. Walt Disney Co said paid subscriptions to its Disney+ streaming service, which launched in November last year, soared past 50M. Disney+ was rolled out in eight Western European countries including the UK, Ireland, France, Germany, Italy, Spain, Austria, and Switzerland in the past two weeks. The broader S&P500 gained +3.41% to 2,749.98, with the latest rally lifting the index more than >20% above its 23 March closing low (2,237.40). Real Estate (up+7.41%), Energy (+6.73%) and Utilities (+5.41%) led all eleven primary sectors higher. General Motors Co rose +8.6% after confirming it had secured an US$489.4M contract to produce 30,000 ventilators for the Strategic National Stockpile by the end of August. Starbucks Corp fell -2.07% in extended trading (having gained +4.16% in the regular session) said that second-quarter earnings will be cut roughly in half from a year ago due to the spread of COVID-19 in China and the US. Starbucks revealed that it expects adjusted earnings of US$0.28c to US$0.32c per share for the second quarter, down from US$60c per share in the second quarter of 2019. The company also rescinded its annual guidance. Costco Wholesale Corp fell -2.28% in extended trading after reporting that its March net sales rose nearly 12% (to US$15.49B from US$13.87B in March 2019), including a 48% jump in online sales. Combined, store sales in the U.S., Canada and other countries where Costco has a presence were up +9.6%. FedEx Corp (up +8.27%) and United Parcel Service Inc (+6.33%)rose after The Wall Street Journal reported that Amazon.com Inc (+1.56%) was halting its competing Amazon Shipping delivery service. The NASDAQ gained +2.58%. Bernie Sanders dropped out of the presidential race overnight, pushing Joe Biden a step closer to the Democratic nomination. A reminder that US equity and bond markets are closed on Friday night AEST (10 April) for Good Friday.