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*Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
*Adobe, FedEx shares rise after results. NEW YORK, June 19- U.S. stocks fell 1 percent in a volatile session on Wednesday, with losses accelerating after Federal Reserve Chairman Ben Bernanke said a reduction in the rate of stimulus could occur this year if the economy continues to improve.
*Adobe, FedEx shares rise after results. NEW YORK, June 19- U.S. stocks fell on Wednesday, with the losses accelerating even after the Federal Reserve said it would hold steady with its monetary policy.
*Adobe, FedEx shares rise after results. Chairman Ben Bernanke will hold a news conference beginning at 2:30 p.m. He is likely to be asked about the timeline for winding down bond purchases, about inflation that is below the Fed's target and his views on being reappointed Fed chairman after his term expires on January 31.
Adobe, FedEx shares rise after results. NEW YORK, June 19- U.S. stocks were little changed on Wednesday before the Federal Reserve releases a statement which could provide clues about the Fed's future stimulus efforts, a key to the market's continued rally.
*Adobe shares up, FedEx up after results. "The early morning action is not surprising given the fact that we've had two days of position jockeying ahead of the announcement," said Andre Bakhos, director of market analytics at Lek Securities in New York.
U.S. stock index futures hovered around the flatline Wednesday, with global markets trading cautiously ahead of the Federal Reserve's all-important policy statement and Chairman Ben Bernanke's press briefing later in the session.
*Adobe shares up, FedEx down after results. "The early morning action is not surprising given the fact that we've had two days of position jockeying ahead of the FOMC announcement," said Andre Bakhos, director of market analytics at Lek Securities in New York.
NEW YORK, June 19- U.S. stock index futures were up modestly Wednesday, holding on to gains over the last two days ahead of a highly anticipated Federal Reserve statement and news conference.
Some of the names on the move ahead of the open.
NEW YORK, June 19- U.S. stock index futures were little changed on Wednesday following two days of gains ahead of a highly anticipated Federal Reserve statement and news conference. *The Fed will release a policy statement at 2:00 p.m. EDT, which will be followed soon after by a news conference with Chairman Ben Bernanke.
*Expects third-quarter revenue $975 mln- $1.03 bln vs est $1.01 bln. *Forecasts adjusted earnings $0.29- 0.35/ share vs est $0.35. Adobe is the latest traditional software company to make a big bet on the cloud-based subscription model pioneered by companies such as Salesforce.com Inc, NetSuite Inc and Google Inc..
Stocks rallied to finish near session highs Tuesday, with the Dow soaring nearly 150 points, as members of the Federal Reserve kicked off their two-day meeting to discuss the future of the central bank's bond-buying program.
Check out which companies are making headlines after the bell Tuesday:
Industrial and tech shares rally, 3 M at 52- week high. *Boeing shares hit 5 1/ 2- year high. NEW YORK, June 18- U.S. stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts.
Adobe earnings beat expectations but the company's forecast was to either meet or miss in the current quarter. Still, one analyst said the guidance "continues to be pretty impressive."
Adobe reported Q2 EPS of $0.36 ex-items on revenue of $1.01 billion, reports CNBC's Josh Lipton.
U.S. stock index futures held their gains Tuesday, following the housing starts and consumer price index data and ahead of the Federal Reserve meeting.
Over the past few years, Citigroup has been grappling with an unusual problem—how to incur more U.S. taxes.
Adobe Systems placed a big bet on the cloud, saying all new versions of its flagship creative software will be delivered by subscription only.