FedEx's Stock Plunge Rattles US Equities and Economy
TL;DR Summary
US equities tilt lower as shares of FedEx plummet 11% following disappointing earnings, causing concern about broader economic activity. Chipmakers on the Nasdaq are also experiencing losses, while Google shares are up 1.7% but off earlier highs. The Nasdaq has formed an outside day pattern, resulting in accelerated losses of -0.8%. Additionally, the US dollar has rebounded after initially falling.
- US equities tilt lower as Fedex falls 11%. Outside day on the Nasdaq ForexLive
- FedEx shares tumble 10% after weaker demand hit revenue outlook CNBC
- Buy FedEx's stock on the big dip, analyst says MarketWatch
- FedEx tumbles after sober results, broader market shakes it off Yahoo Finance
- FedEx Earnings Aren’t So Bad. This Is the Read Across for the Economy. Barron's
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