Investors finally got the boost of confidence they had hoped to receive, but it didn't come from this side of the Atlantic. Instead, it was the Bank of England that decided to intervene in the bond market, offering to buy sovereign debt to stem the plunge in the value of the British pound.

That sent the message to investors that central banks would at least act to avoid systemic threats to the global financial system, and that was enough to send the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) up roughly 2%.

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Source Fool.com