Stocks surge after bank rescue and positive guidance from FedEx.
TL;DR Summary
FedEx's shares rose 9% after reporting better-than-expected earnings in Q3 and raising its full-year earnings forecast, while First Republic Bank's shares fell 15% in after-hours trading despite rallying almost 10% during regular trading as a group of 11 banks agreed to deposit $30 billion in the bank. Meanwhile, Merck's shares fell nearly 2% after the pharmaceutical company provided an update on a trial for one of its metastatic non-small cell lung cancer drugs.
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- Stocks Advance on Bank Rescue; Bond Yields Climb: Markets Wrap Yahoo Canada Finance
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- U.S. stock futures edge higher after 372-point Dow rally with bank health in the spotlight MarketWatch
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