Wall Street decided to have a better time today. After yesterday's sixth worst day ever, the Dow Jones Industrial Average closed 429 points up (+3.98%) today, closing at 11,239.77. The S&P 500 soared 5.29% as did Nasdaq, up 4.74%. It helped that the Federal Reserve said it would not raise interest rates "at least through mid-2013."
Wall Street Roller Coaster: Dow Closes Up 429 Points Today
Stocks Fall Amid Jobless Claims, Europe Worries
The Dow and S&P 500 are down over 2% and the Nasdaq is down over 3%, thanks to worries about rising jobless claims, Europe's problems, and financial reform. A market strategist told CNNMoney, "There's a heightened sense of nervousness and markets look to be testing the lows of two weeks ago, when we had the mini-crash." Another investor said, "There are a lot of well-known negatives or obstacles to a speedy recovery, specifically in the U.S. economy and even the developed markets around the world. Earlier this year, everyone was assuming that the modest economic improvements were going to continue. It’s almost as if the market overshot itself.”
Stock Markets Sink
The three U.S. stock indices fell 4% or more today: Nasdaq was down 3.99%, the S&P 500 dropped 4.66% (closing at 700.82) and the Dow Jones lost 299 points, closing at 6,763 points, its lowest level since 1997.

