The stock market indices had a mixed session at the close, but came way off the lows after the FOMC made some positive statements that helped the market rally.
The day started out, however, with a dip. They then bounced, with the Nasdaq 100 acting much better than the S&P 500. By midday the S&P 500 had made nominal new lows near 1407, but the pullback midday on the NDX was far from the earlier lows. That was a positive divergence causing the market to rally into the FOMC.
