Closing Bell Movers: FedEx slips 5% after results and guidance
In the opening hour of the evening session, U.S. equity futures are down marginally, with S&P 500, Nasdaq 100, and Dow Industrials all off by 0.1%. In energy, WTI Crude Oil is up from Tuesday's lows of around $64, gaining 1.3% to $65.20 following a second consecutive week of a sizeable API petroleum inventories draw and some uncertainty as to the success of the missile strike against Iranian nuclear facilities. In precious metals, gold and silver are slightly firmer at $3,335 and $35.89 respectively.
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Tuesday's broad-based rally was led by Tech and Financial sectors on the S&P 500, while defensive Energy and Staples lagged. Coinbase was the best performing name on the index. More dovish sentiment from Fed Vice Chair Bowman and Fed governor Christopher Waller have also fueled speculation about a possible July cut, pressuring Treasury yields and goosing up risky assets.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
Worthington (WOR) up 11.2%
Blackberry (BB) up 6.5%
AeroVironment (AVAV) up 0.2%
ALSO HIGHER –
DOWN AFTER EARNINGS –
FedEx (FDX) down 5.0%
ALSO LOWER –
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Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction
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