The following video is from Wednesday's Investor Beat, in which host Chris Hill and analysts Taylor Muckerman and Matt Argersinger dissect the hardest-hitting investing stories of the day.
The Dow, Nasdaq, and S&P500 spent most of the day down, anticipating the news that the Federal Reserve would begin tapering down its quantitative easing program. When news came from Ben Bernanke that QE3 will continue full-throttle for the near term, the major indices all shot up to new highs for the year. In this video, Taylor and Matt talk about what this says for the U.S. economy, and whether investors should consider pulling some money out of the market at these new highs.
Next, the guys look at four stocks making big moves today. Clean Energy Fuels shot up more than 7% in the past two days, after CEO Andrew Littlefair bought an additional 127,000 shares of company stock. FedEx hits a seven-year high, as first-quarter profits rose 6.5%. General Mills reported better-than-expected first-quarter sales and was boosted by some international acquisitions. And Adobe Systems hits an all-time high, despite third-quarter profit drop of nearly 60%.
Finally, Taylor and Matt tell investors why they'll be watching shares of ConocoPhillips and Take-Two Interactive very closely this week.
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