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Federal Reserve sends stocks higher

Closing out the day… Stocks rose Wednesday after the Federal Reserve said it would continue with its efforts to prop up the economy. Cyprus meanwhile, is looking for a new rescue plan after the island nation's parliament rejected a plan that included a tax on bank deposits.

Among the high-volume stocks today Research in Motion (BBRY), Citigroup (C) and Pfizer (PFE) booked gains while Fedex (FDX), Facebook (FB) and Caterpillar (CAT) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day at 12.58 after opening at 13.18. The Put/Call Volume Ratio is at 0.78 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.