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.

Word on the Street

Interesting Tidbits

Published on Sep 17, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

Posted in ...