From Fox News’ site:
“Today’s Market
As of 3:20 p.m. EDT, the Dow Jones Industrial Average rose 506.40 points, or 6.20%, to 8680.90, the broader S&P 500 added 51.86 points, or 6.11%, to 900.78 and the Nasdaq Composite picked up 81.31 points, or 5.40%, to 1587.21. The consumer-friendly FOX 50 gained 42.59 points, or 6.49%, to 698.35.
There was no clear catalyst for the afternoon rally.
Its so hard to pinpoint whats driving things,” said Stephen Carl, head trader at Williams Capital. Its so whipsawing. I dont think anybody really has a handle on things.
It is clear, however, the markets were enjoying a rare shot of optimism on Tuesday, stemming from soaring stock markets around the world overnight.
“Hopefully today will be the beginning of something positive,” NYSE trader Frank Chester of Christopher J. Forbes told FOX Business.”
a rare shot of optimism
(drink)
that must pain the media to report that.