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After the close: Stocks start 2013 with big gains after Fiscal Cliff deal

Closing out the day… Stocks rallied Wednesday after the House passed a deal averting the Fiscal Cliff. The major indices were up 2.5% or more with the Nasdaq leading the way with a 3.07% gain.

Among the high-volume stocks today Apple (AAPL), Bank of America (BAC) and Facebook (FB) booked gains while EMC Corp. (EMC), Target (TGT) and Herbalife (HLF) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day down 3.37 at 14.65 an 18.70% decrease. The Put/Call Volume Ratio is at 0.78 while the Put/Call Open Interest ratio is at 0.90. [InvestorsKeyhole, various news and data sources]

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.