U.S. equities and crude oil today heartily approved of the Federal Reserve’s inaction on rates yesterday.

As anticipated, the U.S. Federal Reserve stood pat on interest rate increases. This impacted all markets today, particularly crude oil and gold.

Equities were up solidly, though less spectacularly than other sharply accelerating investor areas.

At one point today oil was down over 3.25% and was dragging equities down again. In early afternoon, West Texas Intermediate and Brent North Sea started to recover.