Although the Dow got as low as 275 it rallied back by the time the bell rang to go up 2 percent after two straight days of sliding, including a massive point drop yesterday. Some of the stocks that bounced back included oil and transportation stocks.

One important report out today showed that September saw a "spike" in the number of homes in foreclosure filings, prompting FDIC chairwoman Sheila Bair to announced that plans are in the works to help homeowners avoid foreclosure.

The Nasdaq stayed in the red, losing 7/10 of a point, apparently on continued concerns over earnings reports in the tech sector.