Stocks soar in a day of wild swings

Stocks rose on Tuesday in volatile trading, as investors find it difficult to decipher the signals from the Fed about the economy, after a dramatic two-week slide.

The purchase of crops closely, and the S & P 500 posted its best day, more than two years, after which the decline of almost 17 percent in recent weeks.

The market has changed hands six times after a statement from the Fed has committed two years of interest rates near zero.

Bank shares roar back from recent losses with the KBW Capital Markets Index by 6.7 percent.

"The last three or four weeks, the stock market has really reduced a mild recession," said Mohannad Aama, managing director of Beam Capital Management LLC in New York.

"Now, after the declaration of the Fed, the market should start factoring in what the response of the Fed and the government will. There is still a small chance of a fiscal stimulus to create jobs. FOMC's statement today was positive for equities. "

The Dow Jones Industrial Average was 429.92 points, or 3.98 percent, to 11,239.77. Standard & Poor's 500 Index rose 53.07 points, or 4.74 percent, 1,172.53. The Nasdaq Composite Index added 124.83 points, or 5.29 percent, 2,482.52.

About 16.4 million shares traded on the NYSE, NYSE and Amex Nasdaq - more than double the daily average so far this year of $ 7.75 million.

Advancing stocks outnumbered declining on the NYSE by a ratio of nearly 12 to 1, while on Nasdaq, about five stocks rose for all those who have fallen.

The three major U.S. stock indices, however, are still negative for the year, although a strong rally on Tuesday.

During the session low after the Fed statement, the S & P 500 had a couple of points to get a bear market - or a decrease of 20 percent from its recent closing high of April 29.

According to Reuters, the survey, the U.S. faces a 03:59 chance of slipping into recession, although the economic outlook was seen to increase the likelihood of Fed action

While some investors are hoping for action by the Fed acknowledged the central bank's options appear limited, since the current crisis does not focus on liquidity as it was in 2008.

Equities suffered a massive crash on Monday of the first session since the U.S. has lost its top triple-A rating from Standard & Poors. Monday due to large market, S & P 500 posted its worst percentage loss of a day since December 2008.