"Not yet," said Federal Reserve Chairman Jerome Powell.
And boom goes the dynamite.
Stocks surged after Powell said at his press conference that it's "not yet" time for the Fed to wind down its bond purchases that have been supporting the bond market, keeping yields lower, debt cheaper and corporate profits higher. That cycle, which has been in place for a year, has sent the stock market on its current record tear.
The Dow was up 200 points, or 0.6%. The S&P 500 rose 0.3% and the Nasdaq, which had been down moments earlier, zoomed into the green -- up 0.4%.