The Latest Breaking News from FedEx

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Equities turned lower as the Fed chief delivered a hawkish semi-annual report to Congress.

Stock futures steady as markets eye Powell testimony; Fed Chair Powell faces senate banking committee as markets test rate path; FedEx shares slide after mixed Q4 earnings, muted demand outlook; Tesla extends gains on China EV stimulus, Texas charging station rules and Titan searchers hear noises as hopes rise for…

Bulls resisted a pullback as Tesla and Nvidia kept rising. Some stocks flashed buy signals. FedEx fell overnight on earnings. But Fed chief Jerome Powell looms.

“The solid close to the fiscal year demonstrates the significant progress Team FedEx has made in advancing our global transformation while adapting to the dynamic demand environment,” said CEO Raj Subramaniam.

FedEx stock dropped Wednesday following its mixed Q4 report, soft 2024 guidance. Chief Financial Officer announces retirement.

Fedex is due to report earnings after the close on Tuesday. The Barchart Technical Opinion rating is an 88% Buy with a Strengthening short term outlook on maintaining the current direction.

Stock futures lower as China rate cut adds to global market worries; Week Ahead: housing data, earnings wrap-up; Alibaba slides as CEO steps down to run separated cloud business; Intel unveils biggest-ever foreign investment in Germany with $33 billion plant and FedEx earnings on deck with cost cuts, demand forecast…