After the Dow was up over 300 points at around 2:30 pm, stocks sold down going into the close:
Dow +146
Nas +30
S&P +12 to 1175
Gold and Silver performed about the same:
GLD +3.05 to 160.63
SLV +1.40 to 31.17
Most of the stocks that outperformed today were those that had heavy short positions, meaning that most of the gains were attributable to short covering. It's a news driven market right now...very dependent upon what happens in Europe overnight.
After two strong days, I would not be surprised to see traders turn the market the other way tomorrow.
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