MARKET PULSE- FedEx, BlackBerry, Tower Group, Kinder Morgan

Wed Sep 18, 2013 2:42pm EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

Sept 18 (Reuters) - Some U.S. stocks on the move on Wednesday:

WALL ST DRIFTS LOWER AS FED DECISION LOOMS

U.S. stocks rallied to a record high on Wednesday after the Federal Reserve surprised investors by saying it would not begin to cut its bond-buying program that has been a driving force behind Wall Street's climb of more than 20 percent this year. The Dow Jones industrial average rose 109.28 points or 0.7 percent, the S&P 500 gained 15.54 points 0.91 percent, and the Nasdaq Composite added 26.887 points or 0.72 percent.

** APPLE INC, $462.35, up 1.5 pct (12:38 p.m. ET)

The fingerprint reader on Apple's top-end iPhone 5S received an early thumbs up for ease of use from two influential reviewers, helping dispel concerns about the scanning technology which has been notoriously unreliable in other cellphones.

BLACKBERRY, $10.45, down 1 pct (2:25 p.m. ET)   Continued...