Traders have come to expect the unexpected, but Tuesday's session was pretty much muddling along as advertised -- until about 3 p.m. EST, that is. In the final hour of trading, a decidedly listless advance took a marked turn higher, evoking the old saying: "Never short a dull market." When all was said and done, the Dow Jones Industrial Average was up 1.2% to 8574.26 after having traded as high as 8578.99. The S&P 500 was up 1.4% to 904.41, closing a fraction below its apex, while the Nasdaq Composite was higher by 1.7% to 1390.50 after having traded as high as 1397.80. As some predicted, stock proxies rallied early in the session following Monday's thrashing , the sixth decline in the past seven trading days. As was more uniformly anticipated, the Federal Reserve left the fed funds rate unchanged at 1.25%, and said little to indicate its view of the economy has changed since its last policy meeting. "The Committee continues to believe that its accommodative stance of monetary policy, coupled with still robust underlying growth in productivity, is providing important ongoing support to economic activity," the Federal Open Market Committee's statement read. "The limited number of incoming economic indicators since the November meeting, taken together, are not inconsistent with the economy working its way through its current soft spot." (In other words, the Fed isn't too worried about Friday's dour employment report, at least not publicly.) Stock proxies rallied in the aftermath of the Fed's announcement at 2:15 p.m. EST, but gains moderated soon thereafter before a late-day rally pushed proxies to session highs. Overall, the market's reaction to the FOMC was limited. Even the movement of U.S. Treasuries was relatively constrained, with the price of the benchmark 10-year note ending down 4/32 to 99 19/32, its yield rising to 4.05%.