FedEx Earnings Miss Views: US Stocks Edge Lower on Friday Market Update
Friday, 20 September 2024, 06:46
FedEx Earnings Miss Views
U.S. stocks traded slightly lower this morning, with the Dow Jones falling around 50 points on Friday. Following the market opening Friday, the Dow traded down 0.16% to 41,956.23 while the NASDAQ fell. This decline is attributed to disappointing earnings from FedEx (NYSE:FDX) and other factors influencing market sentiment.
Market Reactions
- FedEx reported earnings that failed to meet analysts' expectations.
- Economic indicators continue to show signs of fluctuation in consumer confidence.
- The overall market sentiment remains cautious with uncertainties in earnings reports.
Symbols Affected
- FDX
- BATL
- BNZI
- CRBP
- LGCB
- SKYE
- XPON
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.