U.S. Stocks Advance to One-Month High as Fed Meets – Bloomberg 06-19-12

Salient to Investors:

FedEx, regarded as an economic bellwether, predicted Q1 profit lower than analyst estimates. Barnes & Noble Q4 revenue trailed analysts’ estimates.

Predictions:

Tom Wirth of Chemung Canal Trust sees the risks easing slightly, but expects any market action should the Fed extend Operation Twist to be short-lived.

Myles Zyblock of RBC Capital Markets says growing uncertainty – due to presidential election, the federal debt ceiling, and fiscal cliff early next year – about U.S. economic policy may limit stock-market gains in the next few months. Sees stocks, consumer spending, hiring and investing, all suffering from domestically focused headwinds regardless of European debt crisis outcome.

Read the full article at http://www.bloomberg.com/news/2012-06-19/u-s-stock-index-futures-fluctuate-citigroup-falls.html