Market Minute: Fed Stimulus Decision Looms; AMA Scrutinizes Energy Drinks

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Investors await Bernanke, and a doctors group wants to ban a popular consumer product. Those and more are what's in business news Wednesday.

The streak of triple-digit moves for the Dow industrials (^DJI) is now at six in a row. The Dow rose 138 points Tuesday, the S&P 500 (^GSPC) added 12 points and the Nasdaq (^IXIC) gained 30.

Despite the recent volatility, investors could press the pause button until the Federal Reserve releases info from its policy-setting meeting Wednesday afternoon, and Chairman Ben Bernanke answers questions about when and how the central bank will begin to cut back on its stimulus efforts. He'll likely try to manage investor expectations about Fed policy.
energy drinks coca-cola pepsi monster beverage red bull caffeine stimulus
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The American Medical Association is calling for a ban on the advertising of high energy drinks to kids under 18. The group is concerned about studies showing drinks such as Monster Beverage and Red Bull are linked to heart and other health problems. PepsiCo (PEP) and Coca-Cola (KO) also make highly caffeinated energy drinks.

Viacom's (VIA) Nickelodeon unit is refusing to bow to critics who want it to stop airing ads for foods that don't meet certain nutritional standards. According to The New York Times, Nickelodeon says its mission is to make quality entertainment programs, and it will leave the science of nutrition to the experts.

FedEx (FDX) earnings topped expectations and revenue edged higher. The company is often considered a bellwether for the broader economy, as it touches almost all segments of business. Prior to the numbers, a Raymond James analyst said FedEx is still an attractive long-term investment.

Adobe Systems (ADBE) earnings tumbled 66 percent from a year ago, but still beat expectations. The business-software firm cited strong demand for its subscription-based Creative Cloud package.

Furniture maker La-Z-Boy (LZB) is sitting pretty after topping expectations, and Eli Lilly & Co.'s (LLY) Zyprexa is under scrutiny after the deaths of two patients taking an injectable form of the anti-psychotic drug. The company and the Food and Drug Administration are investigating.

-Produced by Drew Trachtenberg


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32 Comments

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the market is a yoyo now and will be in limbo now for a long time to come

June 19 2013 at 5:04 PM Report abuse rate up rate down Reply
scottee

stimulate what?
with what?

we need to be a country of savers...
not debtors!

June 19 2013 at 4:56 PM Report abuse +1 rate up rate down Reply
skanman205

no one has screwed the middle class more than bubble boy #1 ...greenspan...and bubble boy #2...bernanke. first they give retail investors zero percent on their savings for 5 years...which lures (suckers) them into riskier, MLPs, REITs, MUNIs...anywhere there is yield...THEN...he pulls the rug out from under them! a HUGE transfer of wealth from the conservative saver to the tacky, speculative weasel. i want bernanke dead, if not hanged from the steps of the FED. it will become my lifelong ambition to witness his heart stop beating. end of story.

June 19 2013 at 4:47 PM Report abuse +1 rate up rate down Reply
2 replies to skanman205's comment
sam54ct

Not up on finance, in a recession, rates are always kept down to stimulate growth.

June 19 2013 at 4:54 PM Report abuse -1 rate up rate down Reply
1 reply to sam54ct's comment
setanta54s_back

gee,tooooooo bad YOU weren't around to
ADVISE
JIMMUH peanut_man-CARTER -

uuuuuuh WHAT WERE THE RATES THEN ?

June 19 2013 at 11:32 PM Report abuse rate up rate down
scottee

I agree.
you can go to the federal reserve website and email the board.
keep emailing the board and tell them to stop holding down interest rates artificially. if enough people do it, things might change.

June 19 2013 at 4:58 PM Report abuse rate up rate down Reply
1 reply to scottee's comment
setanta54s_back

scottee ?
ISN'T IT OBVIOUS
that these hatched reptilain subhuman pieces of feces
KNOW EXACTLY WHAT THEY ARE DOING ?
and couldn't give a @#$t what
truly NEEDS TO GET DONE ?


from the political harlots to their appointees,the NAME OF THE GAME is destroy the USA.

anyway,being WE'RE ALL UNDER THE EYES OF THE NSA.
is there any need to CONTACT THEM DIRECTLY ?


they KNOW.

June 19 2013 at 11:36 PM Report abuse rate up rate down
chuckhalper

Every time one of these Fed boys opens his mouth it sets off a volaltile reaction, usually downward ....may be they ought to keep quiet?

June 19 2013 at 4:18 PM Report abuse rate up rate down Reply
1 reply to chuckhalper's comment
setanta54s_back

it's all rigged and programmed-

June 19 2013 at 11:37 PM Report abuse rate up rate down Reply
the aol experien

Hey everyone, I have a request. It is off subject but I have a young man that I mentor, that has taken my challenge to find out who he is. He is biking from McGill University to Palm Beach, Fl.. He is also doing this to get people across the country to donate their used workable bicycles to their local Boys & Girls Clubs of America. It would be great if you all would forward this on, we need stories like this to believe that once again America can be great, it's not political. www.1roadto1mind.tumblr.com Follow his story and progress. Thanks

June 19 2013 at 3:25 PM Report abuse -2 rate up rate down Reply
demcoverup

badbadevan
Bush maybe gone, but the economical debacle that Bush and a GOP house and senate left behind is still with us, and will be for a long time to come.

====================================

That economical debacle has Harry Reid's and Nasty Pelosi's name all over it. Not to mention the disaster Obama and crew has done in the last 5 years, it will be with us for decades.

June 19 2013 at 1:08 PM Report abuse +5 rate up rate down Reply
2 replies to demcoverup's comment
dajt666

confirming politics is for the extremely small minded.

June 19 2013 at 1:13 PM Report abuse -3 rate up rate down Reply
1 reply to dajt666's comment
demcoverup

Funny I don't recall anyone asking you about your small mind. Thanks for letting me know I guess.

June 19 2013 at 1:40 PM Report abuse +4 rate up rate down
XPRESYRSLF

When Bush was president the democrats controlled the senate and the house. So do not blame Bush it was the dems who approved Bushes moves . Obama has not run anything in his life except his mouth. Obama is a GREAT snake oil salesman.

June 19 2013 at 2:22 PM Report abuse +4 rate up rate down Reply
3 replies to XPRESYRSLF's comment
demcoverup

Obama thinks he rules the world!!!!

June 19 2013 at 1:05 PM Report abuse +5 rate up rate down Reply
papajokr

When the fed stops the stimulus-giveaway the market will tank. 1029 all over again.

June 19 2013 at 1:02 PM Report abuse +3 rate up rate down Reply
1 reply to papajokr's comment
okgimme5

papajokr just in time for the 1929 Centennial!

June 19 2013 at 4:18 PM Report abuse rate up rate down Reply
dhenry732

make up your mind on fedex

June 19 2013 at 1:01 PM Report abuse rate up rate down Reply
YourFtr

Nobody has any money to buy anything; so Packages aren't being shipped; so Naturally Fedex's earnings are going down !
We can always "Hope" that things will "Change" afte the 2014 and 2016 elcections reduce and then eliminate what's left of any Obama's mandate.

June 19 2013 at 12:32 PM Report abuse +2 rate up rate down Reply