Take a look at some of Monday's midday movers:
Apple surged amid continued chatter about a possible debt offering.
Deutsche Bank sank after the financial company announced a plan to raise capital in order to strengthen its balance sheet.
Sina soared after news that Chinese e-commerce company Alibaba had invested $568 million for an approximate 18 percent stake in the company.
Moody's hit a 52-week high following Friday's news that it had settled a lawsuit related to risky debt vehicles.
Hospital stocks including Tenet Healthcare surged on confidence that reimbursement rates may be higher than first expected in President Obama's health care overhaul.
—By CNBC's Lori Spechler
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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.
Oil's fall may continue to take center stage as investors weigh if the benefits of cheaper crude outweigh pain for producers.
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.