S&P 500 Gains and Losses Today: FedEx Stock Delivers Big Boost After Earnings Beat
FDXFedEx(FDX) Investopedia·2024-06-27 06:05

Key TakeawaysThe S&P 500 added 0.2% on Wednesday, June 26, 2024, amid strength in the consumer discretionary sector and renewed momentum for tech stocks.FedEx shares popped higher after the parcel delivery firm posted better-than-expected quarterly results, driven by successful cost-cutting initiatives.Aptive shares dropped after analysts said a new joint venture between Volkswagen and EV maker Rivian could hurt sales of its smart vehicle products. Major U.S. equities indexes edged higher in the midweek ses ...