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."
According to the Wall Street Journal, "Voting against the action were president from three regional Fed banks -- Richard Fisher of Dallas, Narayana Kocherlakota of Minneapolis and Charles Plosser of Philadelphia. The Fed statement said those officials "would have preferred to continue to describe economic conditions as likely to warrant exceptionally low levels for the federal funds rate for an extended period."
The stock market still swung wildly today: Before 3 p.m., the Dow fell about over 200 points before climbing back up. One market strategist told the NY Times, "It’s going to be an up and down market. It’s like water, it finds its right level."