FedEx Corp is a global logistics and transportation company that provides a wide range of delivery services, including overnight shipping, freight transportation, and supply chain solutions. With a comprehensive network that spans across the globe, FedEx facilitates the timely movement of goods for businesses and consumers, offering innovative solutions that enhance efficiency and reliability. The company’s various segments focus on different aspects of logistics, such as express shipping, ground transportation, and e-commerce solutions, making it a vital player in connecting markets and enabling commerce worldwide. Read More
Despite reporting favorable results for its fiscal fourth quarter after-market hours on Wednesday, FedEx stock fell 3% in Wednesday’s trading session. The slide carried over to its primary competitor, with UPS shares dipping 1%.
FedEx Corporation (NYSE:FDX) shares are moving lower Wednesday after the company issued soft guidance for the first quarter. Multiple analysts also cut price targets following the company's fourth-quarter results.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
Tech stocks climbed to new highs early Wednesday, with the Nasdaq 100 briefly touching 22,329 points after the opening bell, surpassing its previous peak from February 19.
Wondering which stocks are making significant price gaps? Explore the S&P500 index on Wednesday to find the gap up and gap down stocks in today's session.
An unexpected drop in a key consumer confidence reading proved positive, as it raised rate cut odds, vindicating the stance of a couple of central bank officials, who have begun calling for a July rate cut.
