U.S. stocks
rise, lifting the Dow industrial index above its record close, as Wall
Street anticipates a signal without changing the Federal Reserve when it
ends a policy meeting in the afternoon.
U.S. stocks rose Wednesday, lifting the Dow Jones Industrial Average above its record close as Wall Street looked-ahead signal to the Federal Reserve when it ends a policy meeting in the afternoon.
After rising 89.39 points to 14,545.21, lifting it above its closing high of 14,539.14 all time hit last week, the Dow Jones Industrial Average was recently at 14,520.53, up 64.71 points, or 0.5% .
The S & P 500 added 8 points, or 0.5%, to 1556.34, with significant gains consumer companies among its 10 major industry groups.
FedEx Corp. shares fell 5.4% after the economic bellwether cut its earnings forecast for 2013 as more customers turn to less expensive options.
Adobe Systems Inc. gained 4.4% after the software maker reported sales and earnings that beat expectations.
The Nasdaq Composite Index climbed 17.25 points, or 0.5%, to 3246.34.For every action that fell, nearly three gained on the New York Stock Exchange, where 157 million shares traded as of 11 am ET.
Volume clarified compound 825 million.Key to Wall Street as you go in the second quarter is the pace and timing of the Federal Reserve backed away from its $ 85 billion quantitative easing-month commitment.
Europe
remains a key market, with an updated proposal that sought to soften a
controversial tax on bank deposits in Cyprus openly rejected by the
parliament of the island nation Tuesday. Read MarketWatch live stream on Cyprus.
The European Central Bank said it would provide liquidity to Cyprus, which helped ease concerns. Here's what could happen next with Cyprus.
On the New York Mercantile Exchange, gold futures fell and rose oil, with the first off $ 5.20, or 0.3% to $ 1606.10 an ounce and the second increase of 8 cents dollar, or 0.1%, to $ 92.24 a barrel.
.jpg)
.jpg)
