MARKET PULSE-Suntech, Adobe, BlackBerry, Fedex, Francesca's
March 20 (Reuters) - Some U.S. stocks on the move on Wednesday:
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FUTURES EDGE UP AS FOCUS SHIFTS TO FED
Wall Street opened higher on Wednesday with investors' focus on the Federal Reserve's policy statement and news conference by Fed Chairman Ben Bernanke later in the day.
The Dow Jones industrial average gained 58.64 points, or 0.41 percent, the Standard & Poor's 500 Index rose 8.84 points, or 0.57 percent, and the Nasdaq Composite Index advanced 25.00 points, or 0.77 percent.
** FEDEX CORP, $101.95, down 4 pct (0949 ET)
The No. 2 U.S. package-delivery company reported a 31 percent drop in quarterly profit due to restructuring costs and weakness in its air freight express business. Continued...