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Markets Climb on Fed; Housing Starts Jump in May (DELL, ADBE)

By: , dated June 18th, 2013
The markets advanced again on Tuesday on anticipation of continued stimulus efforts by the Fed. The two-day meeting to discuss this policy began and investors wait for news to be released on Wednesday. Today was the sixth consecutive triple-digit move for the Dow, finishing up almost 140 points higher. It was reported that home construction rose by 6.8% and that inflation was tame in May. Adobe (ADBE) announced earnings that beat expectations and investor Carl Icahn called for a stock buyback and increased his proposed stake in Dell (DELL). Newmont Mining Corp. (NEM) fell on Tuesday as gold for August delivery dropped ahead of the Fed’s policy meeting.

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