Take a look at some of Tuesday's midday movers:
Home builder D.R. Horton shares rose to a 52-week high after posting its strongest quarter in six years.
Netflix stock is higher after announcing plans to raise $400 million through a senior notes offering.
Hess shares also traded up to its 52-week high on very heavy volume as activist investor fund Elliot Management named potential nominees to the Hess board. The energy company announced plans to exit its storage and refining businesses this week and focus on exploration and production.
Danaher rose to its historic high after posting fourth-quarter earnings that rose 10.5 percent on improved sales. The medical equipment maker lowered its 2013 earnings guidance to between $3.32 and $3.47 per share from earlier guidance of $3.40 to $3.55 per share.
(Read More: See CNBC's Market Insider Blog)
—By CNBC's Lori Spechler
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Oil futures fell sharply, signaling traders that the selling is not over.
The Fed may have helped prime the stock market for a Santa rally, if oil remains calm and there are no new flare-ups overseas.
Oil stocks bounced, in their best day in three years.
Traders are watching to see if the Fed will lift the market's spirits, as investors fret over a new set of worries.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
CNBC's Senior Personal Finance Correspondent
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.