Stock market today: Wall Street hovers around records as FedEx slumps
FedEx dragged on the market with a drop of 13.5% after its profit and revenue for the latest quarter fell short of analysts’ expectations. It said U.S. customers sent fewer packages through priority services, while it had to contend with higher wages for workers and other costs. FedEx also cut its forecast for revenue growth for its fiscal year.
NEW YORK — Wall Street is quieter on Friday ... The Nasdaq composite was 0.3% lower, as of 10:30 a.m. Eastern time.
Analysts see a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply ...
A record-setting week for Wall Street closed on a quieter note Friday. FedEx dropped 15.2% after its profit and revenue for the latest quarter fell short of expectations. It said U.S.
Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow closed ...
BMO Capital analyst Fadi Chamoun has maintained their neutral stance on FDX stock, giving a Hold rating yesterday. Fadi Chamoun has given his ...
U.S. stock index futures edged lower on Friday, pausing after the previous session's rally set Wall Street's main indexes on ...
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this ...
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