Stock Market Volatility

At WSJ, from this morning, "U.S. Stocks Tumble on Global Growth Worries: Dow Industrials Post Biggest One-Day Decline Since End of July."

And then after today's closing bell, "U.S. Stocks Rally After Fed Minutes: FOMC Minutes Point to Caution on Interest Rates":

Financial markets gave investors a case of whiplash Wednesday, as stocks and bonds surged and the dollar fell on news that suggested the Federal Reserve may move more cautiously raising interest rates.

The rally, which took stocks to their biggest gains of the year on heavy trading, reversed a 273-point selloff Tuesday sparked by worries about an economic slowdown in Europe.

A day later, some of the same factors—the eurozone’s sluggish growth and the strong dollar—unexpectedly provided the fuel for a rally as the minutes from the Fed’s latest policy meeting in September showed more focus on slowing growth overseas and lessening inflation pressures.

In recent weeks, financial markets have seesawed on changing expectations for the timing of any interest-rate increase by the Fed. While most investors expect the Fed to hold off until June of next year, the chance that the central bank could move sooner has at times spooked investors.

The Dow Jones Industrial Average climbed 274.83 points, or 1.6%, to 16994.22, its largest point and percentage gain since December. The S&P 500 jumped 33.79 points, or 1.7%, to 1968.89, its strongest gain in nearly 12 months...

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