In the stock market rose for a second day on Tuesday as investors bet the Fed will temper the statement is interpreted to mean a faster than expected winding down of the stimulus.
Strong market breadth showed increased appetite for equities, but the volume was light, a sign that many market participants taking a wait-and-see attitude.
Tuesday began a two-day Federal Reserve policy meeting, traders are trying to figure out a timetable for scaling back its $ 8.5 billion purchase of bonds per month. Known as quantitative easing, to help fuel stocks rally, the major indexes to record levels. Standard & Poor's is away from all time closing high of about 1%.
The Fed has said its goal is for its benchmark interest rate near zero, the unemployment rate decreased to 6.5%, as long as inflation remained at 2.5% or less.
A policy statement from the central bank announced on Wednesday as investors anticipated purchases will maintain current levels, although recent data strongly point to improve the economy. Fed Chairman Ben Bernanke said recently that the plan will be liquidated when the economy is strong enough to cause volatility in the financial markets surge.
"Stocks are higher as investors adjusted to the fact that not only the Fed will not announce tomorrow tinny, but economic growth is not very capable, said:" In New York, JPMorgan Funds chief global strategist David Kelly, who has about $ 40 billion of assets managed.
"There is a reason to be cautious and uncertainty, but the market is still cheap for a long time should continue to expand," he said, he was overweight cyclical groups, their wealth, the pace of growth, particularly tied.
Dow Jones Industrial Average (DJI) rose 138.38 points, or 0.91 percent, at 15,318.23 points. Standard & Poor's 500 Index (SPX) rose 12.76 points, or 0.78 percent, at 1,651.80 points. The Nasdaq Composite Index (IXIC) was up 30.05 points, or 0.87 percent, at 3,482.18 points.
General Electric (GE.N: Quote) rose 2.4 percent to $ 24.33 in New York Stock Exchange, one of the most actively traded stocks. Natural source of the company Cliffs Natural Resources (CLF.N) jumped 5 percent to $ 18.59, the S & P gainers Micron Technology (MU.O) climbed 3.9 percent to $ 13.75 to help boost the Nasdaq Composite Index.
Boeing (Boeing) last Tuesday launched its flagship "Dream" aircraft at the Paris Air Show a larger version, sharpening fuel-efficient, long-haul aircraft in the market with rival Airbus (EAD.PA) battle. Boeing shares rose 1 percent to $ 104.08, in October 2007, the highest level since.
About two-thirds of the companies were in the New York Stock Exchange and Nasdaq rose and saw two securities exchanges over 150 hit 52-week highs, including 3M Company (MMM.N).
Approximately 543 million shares changing hands, below the New York Stock Exchange, NASDAQ and NYSE MKT daily average of about 636 million shares so far this year.
S & P 500 index forecast in 1700-2013 year, according to a Reuters poll of 42 analysts in the past week, the median forecast. 2013, 19% of the increase since 2009, will mark the best year.
Market has been volatile, because Bernanke said the Fed may begin in May 22 cut its stimulus in the "next few meetings," if the economic momentum and inflation remains moderate. Expanded intraday volatility, the Chicago Board Options Exchange (CBOE) Volatility Index (VIX), to measure investor anxiety, up 31% so far this quarter.
Consumer prices rose slightly last month, the government said on Tuesday, giving wary of deflation, the Fed some respite opportunities. The consumer price index, which excludes food and energy, prices rose 1.7% in May since 12 months, indicating that inflationary pressures remain subdued.
Walter Energy, Inc. shares (WLT.N) rose by 16.5 percent to $ 13.63, a two-day news, the company pulled in $ 155 million U.S. dollars to refinance credit scheme rebound after sell-off triggered.
On the downside, Hormel Foods Corporation (HRL.N) fell 3.6 percent to $ 39.20 after cutting its full-year profit view. This is the largest percentage decline in the S & P [ID: nL2N0EU0IM]
After the market close, Adobe Systems Inc. (ADBE.O) rising 4.2 percent, $ 45.20 after reporting adjusted earnings beat expectations.
 



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