Stocks closed higher Wednesday after the House of Representatives passed a bill that would allow the government to borrow enough money to avoid defaulting on its loans for at least four months. Strong earnings from Google (GOOG) helped boost the tech sector, while disappointing results from Coach (COH) pulled down the apparel and accessories sector.
Among the high-volume stocks today Citigroup (C), Facebook (FB) and Microsoft (MSFT) booked gains while Research in Motion (RIMM), Ford (F) and Coach (COH) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day at 12.45 after opening at 12.67. The Put/Call Volume Ratio is at 0.88 while the Put/Call Open Interest ratio is also at 0.88.