beats me for sure, just saw an article on the wire to that effect.. one distinct possibility tho there could be others
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.
“It’s so hard to pinpoint what’s driving things,” said Stephen Carl, head trader at Williams Capital. “It’s so whipsawing. I don’t 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.”