Dow .....7,932.76 ....-6.77 (-0.09%)
S&P 500 ...835.19 ...+1.45 (0.17%)
Nasdaq ....1,541.71 ...+11.21 (0.73%)

Dow once plunged to below 7,700 during intraday and rallied to 7932 from the lowest point 7,700 at last one hour. It was up 232 points in one hour.
the reason:
Stocks mixed after report of mortgage subsidies
Stocks reverse losses to end mixed after report tgovernment will subsidize mortgage payments.
A Reuters report that the government plans to subsidize troubled homeowners' mortgage payments helped the Dow Jones industrial average pare sharp losses Thursday afternoon and finish down less than 7 points. Two people briefed on the plan told The Associated Press it would lower mortgage rates for borrowers on the verge of foreclosure.
The idea of targeted help for homeowners impressed investors more than the government's $789 billion economic stimulus package and its revised plan to bail out problem banks.
"It's one little piece of the puzzle that clears up some of the uncertainty,"
"The market is saying, we will give you the capital when we know you've told us the truth about the garbage," said David Darst, chief investment strategist of Morgan Stanley's Global Wealth Management Group.
But the idea of a plan focused on the crux of the economy's problems -- the housing market -- came as at least a temporary relief to investors. If more homeowners are able to pay their mortgages, it would not only help the economy, but also keep mortgage-backed assets from losing more value.