Author: 123jump.com Staff
123jump.com
Last Update: 3:10 PM EDT March 21 2007

Stocks in the U.S. jumped as traders welcomed the latest Federal Reserve statement on the economy. Software companies showed gains. Oracle advanced 2.2%. Adobe Systems rose 5.5%. FedEx quarterly revenue climbed more than 7% year over year. Recently listed IPO, U.S. Auto Parts fell 45% on loss compared to a profit a year ago. Cintas dropped nearly 10% on disappointing third quarter and lower 2007 outlook. Market averages continue to rise after the Fed Decision to not change the target rate.