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-0.00030895983522153 0.000343288705801657 -0.00102986611740478 -0.00260899416409197 -0.000686577411603119 0.000858221764503948 0.0029179539993135 0.00405080672845866
Stock impact report

US STOCKS-Stocks approach record as Fed soothes Wall Street's fears [Reuters (UK)]

Adobe Inc. (ADBE) 
Last adobe inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: adobe.com/investor-relations.html
Company Research Source: Reuters
Stocks approach record as Fed soothes Wall Street's fears - Reuters 3 Min Read (Reuters) - The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth. Saying it “will act as appropriate to sustain” economic expansion, the central bank signaled rate cuts of as much as half a percentage point over the remainder of 2019. In its statement following a two-day policy meeting, the Fed held rates steady, as expected, but dropped a previous promise to be “patient” in adjusting rates. That elevated the S&P 500 and Dow Jones Industrial average to less than 1% from their record high closes set in late April. “We think the Fed delivered. It did no harm. It walked right up to a cut without doing it today. It’ll likely be coming in July absent some big trade news or other news,” said John Augustine, chief investment officer at Huntington Bank in Co Show less Read more
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