Stocks pointed higher Wednesday and rallied up 150 points after positive new home sales news and Europe showing signs of more economic stimulus.

With Europe still struggling to get out of financial holes, the European Central Bank will likely inject more stimulus packages into the economy and that pleased investors in the U.S.

The Dow Jones closed up 154 points after being up by as many as 170 points. The S&P 500 added 15.53 points to close slightly under 2,000 at 1,998.30.

The CBOE Volatility Index, or VIXX (a measure of investor uncertainity), fell too. This 11.1 percent drop shows a little more confidence in the markets for consumers. The current VIXX rate is 13.27.

"Housing is going to show a great deal of volatility as cash buyers transition to credit buyers, and by that I mean the folks that were paying cash as an investment in a depressed market are being replaced by natural home buyers that are now using credit," said Art Hogan, chief market strategist at Wunderlich Securities. 

Company News:

Bed Bath and Beyond soared Wednesday after the company reported better than expected earnings. The stock was up more than 7 percent at the closing bell.

Apple had some problems today with a software update. The company tried to release a quick update to iOS 8. The update titled 8.01 was giving users all sorts of errors and that news caused Apple's stock to fall by 0.87 percent on the day. 

Citizens Financial Group, a brand new stock, started trading Wednesday on the New York Stock Exchange. It opened in the $21 range and ended at over $23 per share, an over 7 percent increase.

What do you think of Wednesday's stock market happenings? Are you invested in Apple? Leave us a comment and let us know.