By Adam Samson
Published August 09, 2011
FOX Business: The Power to Prosper
The beleaguered markets capped a violent trading session with a sharp comeback as traders scooped up beaten-down stocks and analyzed the Federal Reserve’s pledge to hold interest rates at historically-low levels for the next two years.
The Dow Jones Industrial Average jumped 430 points, or 4%, to 11,230, the S&P 500 rose 53.1 points, or 4.7%, to 1,173 and the Nasdaq Composite climbed 125 points, or 5.3%, to 2,483. The FOX 50 gained 35.9 points, or 4.4%, to 850.