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.
U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note ...
Those pressures do not appear to be easing. In its fiscal 2025 first quarter, which ended Aug. 31, FedEx earned $3.60 per ...
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...
FedEx is expected to report a 4.8% rise in EPS and a 1% increase in revenue for the first quarter, as investors remain ...
Friday was a lackluster session on Wall Street, with major U.S. averages lingering in negative territory at midday trading in ...
NEW YORK — Wall Street is quieter on Friday ... The Nasdaq composite was 0.3% lower, as of 10:30 a.m. Eastern time.
FedEx dragged on the market with a drop of 14% after its profit and revenue for the latest quarter fell short of analysts’ ...
On Thursday after market close, FedEx Corporation (NYSE: FDX) issued its first quarter results as it undergoes a significant ...
The Industrial Select Sector SPDR Fund ETF (XLI) rose +2% for the week ended Sept. 20, while the SPDR S&P 500 Trust ETF (SPY) ...
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