Wall Street edges back from its records as FedEx slumps
FedEx dragged on the market with a drop of 14.9% 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.
US STOCKS-Wall St pulls back as investors pause after rate cut-fuelled rally
Wall Street's main indexes eased on Friday as investors held back after a rally in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve. The S&P 500 and the Dow hovered near their record highs and were on track for weekly gains of about 1%,
The U.S. economic picture is a dichotomy between rich and poor, Wall Street investors celebrating record-high stock markets ...
U.S. stocks on Friday are hovering around the records they set the day before during a worldwide rally. The S&P 500 was 0.2% lower in afternoon trading but still on track for its fifth winning week in ...
Investors favor blue-chip stocks for security, consistent growth opportunities, and market resilience. Thus, fundamentally ...
Thus far, semiconductor behemoth Nvidia ( NVDA 3.97%) has been the undisputed beneficiary of the rise of AI. But according to ...
Asian stocks are tumbling after Wall Street had its worst day since early August, as a week full of economic updates got off ...
Wall Street rallied on Thursday with the S&P 500 hitting another intraday record high after the Federal Reserve kicked off ...
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Jamie Dimon warns geopolitical tensions, especially the Ukraine war and Middle East conflicts, are the biggest risks to ...
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