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Good luck trying to figure out why. The session was very erratic for 30 minutes or so after the Federal Reserve's statement on the economy, and then took took off in the last few minutes of trading. At the close, the Dow was up almost 4 percent, to 11,239, and the Nasdaq was up more than 5 percent, to 2482.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.