Quadruple witching is causing the New York Stock Exchange volume to jump over 240% as options expiration forces many traders hands. All indices were moving higher during them midday trading session. The market is also interpreting the latest comments from Federal Reserve Chair Janet Yellen as a green light to buy stocks. Yellen said the interest rates should remain low until at least 2016. As a result, if yields stay low, then the only place for performance will be in equities. AbbVie (formerly part of Abbott Laboratories) made a move for Shire Pharmaceuticals that was rejected.

More from Video

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Abercrombie & Fitch CEO Reveals to TheStreet How She Is Turning Company Around

Abercrombie & Fitch CEO Reveals to TheStreet How She Is Turning Company Around

The Chart Professor: Worried About United Technologies Right Here

The Chart Professor: Worried About United Technologies Right Here

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Jim Cramer: I've Liked Six Flags Entertainment Stock as an Income Producer

Jim Cramer: I've Liked Six Flags Entertainment Stock as an Income Producer