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Continued merger activity keeps rally going

Closing out the day… The stocks ended higher Tuesday after reports of talks between Office Max (OMX) and Office Depot (ODP) helped boost investor sentiment. Continued deal making suggests that there is still value to be found despite the major indices being at or near five-year highs.

Among the high-volume stocks today Google (GOOG), Bank of America (BAC), and Facebook (FB) booked gains while Humana (HUM), Walmart (WMT) and United Health Group (UNH) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day at 12.29 after opening at 12.81. The Put/Call Volume Ratio is at 0.81 while the Put/Call Open Interest ratio is at 0.93. [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.