US stock futures inch higher with inflation cues on tap [Yahoo! Finance]
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FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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Source: Yahoo! Finance
Wall Street was reeling from some stronger than expected purchasing managers index readings from last week, which pushed up concerns that the U.S. economy remained robust, giving the Federal Reserve more headroom to keep rates high. S&P 500 Futures rose 0.1% to 5,538.75 points, while Nasdaq 100 Futures rose 0.2% to 20,020.50 points by 19:20 ET (23:20 GMT). Dow Jones Futures steadied at 39,582.0 points. PCE inflation due this week Markets were focused chiefly on PCE inflation data , which is due this Friday. The reading is the Fed's preferred inflation gauge, and is likely to tie into the central bank's stance on interest rate cuts. The PCE reading is expected to show inflation cooled slightly in May, but remained well above the Fed's 2% annual target. Expectations of an eventual lowering in interest rates had driven Wall Street indexes to record highs through June, even as the Fed signaled that sticky inflation and a strong economy kept chances of such a scenario slim.
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News
- FedEx Up Post Q4 Earnings Beat: What's Next for FDX Investors? [Yahoo! Finance]Yahoo! Finance
- FedEx Co. (NYSE: FDX) had its price target raised by analysts at Argus from $325.00 to $335.00. They now have a "buy" rating on the stock.MarketBeat
- FedEx (FDX) Q4 Earnings Surpass Estimates, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- FedEx Review Could Lead to Sale of LTL Biz [Yahoo! Finance]Yahoo! Finance
- FedEx Stock Jumps on Q4 Earnings Beat: ETFs Likely to Gain [Yahoo! Finance]Yahoo! Finance
FDX
Earnings
- 6/25/24 - Beat
FDX
Sec Filings
- 6/25/24 - Form 8-K
- 6/12/24 - Form 8-K
- 4/26/24 - Form 8-K/A
- FDX's page on the SEC website