Markets End Higher Ahead of Fed; Microsoft Boosts Dividend by 22% (MSFT, BA)

The Federal Reserve began its two-day meeting today and caused stocks to rise ahead of their guidance. The S&P ended above 1,700 for the first time since the beginning of August. The tech sector had a good day on Tuesday with several positive earnings reports and announcements. Microsoft (MSFT) was up after stating its dividend for the quarter would increase by 22%. Adobe Systems (ADBE) reported a lower Q3 profit but an increase in subscriptions, sending shares 4% higher.
Boeing (BA) stock lifted along with its Dreamliner 787, making its first flight today. European and Asian markets were mostly lower on Tuesday. A released study by the Congressional Budget Office warned of the seriousness of the US' long-term debt problems. This puts pressure on the US to maintain a responsible budget and achieve faster economic growth.

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Published on Sep 17, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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