After falling in the morning, to Dow Jones closed up 401 points, a 4.68% increase after swinging in a 700-point range. Nasdaq and S&P 500 also rose, 5.49% and 4.25% respectively. Stephens Capital Management managing director Warren Simpson told Reuters, "I think this is bargain hunting and there are some bargains out there. Some of these stocks are at historic lows." Overall, investors are on their toes--Institutional Advisors strategist said to the Wall Street Journal, "The question of whether or not there is going to be a recession is moot at this point. It's just a matter of saving yourself some pain in your portfolio of stocks, bonds and everything else."