US stocks rebounded from their lows in the early afternoon after the New York Fed gears up for a more than $1 trillion capital injection.
While stocks are still sharply in the red, they have come off their lowest points.
The S&P 500 was last down 5.7%. At its lowest, it was down 8.7%. The Dow is down 1,500 points, or 6.2%. The index was down more than 2,200 points at its low point today.