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.