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The S&P 500 and Dow Jones were both down in early market trading as investors continued yesterday's sell-off.
Then, Jerome Powell said the U.S. Federal Reserve intends to keep interest rates near zero through 2022.
And he expects GDP to expand by 5% in 2021.
Stocks rallied across the board on the back on the announcement by the Fed Reserve Chairmen.
But only the Nasdaq closes the day in positive territory – up 1.2% and closing at a record high.
The S&P 500 was flat and the down was down 0.6%.
Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.