FedEx Corp
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Industrials : Air Freight & Logistics | Large Cap BlendCompany profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company's segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides its other companies with sales, marketing, information technology, communications, customer service and other back-office support.

Closing Price
$173.99
Day's Change
-5.00 (-2.79%)
Bid
--
Ask
--
B/A Size
--
Day's High
178.13
Day's Low
173.84
Volume
(Below Average)
Volume:
2,439,459

10-day average volume:
2,869,175
2,439,459

UPDATE: Stocks surge after robust jobs report and dovish Powell remarks

4:21 pm ET January 4, 2019 (MarketWatch)
Print

U.S. stocks surged higher on Friday, buoyed by a better-than-expected jobs report for December and dovishly interpreted remarks by the chairman of the Federal Reserve. The Dow Jones Industrial Average climbed more than 700 points, or 3.3%, the S&P 500 finished up 3.4% and the Nasdaq Composite was the best-performing major index, closing up 4.3%. Before the market open the Bureau of Labor Statistics said the U.S. economy added 312,000 jobs in December. Economists polled by MarketWatch were expecting an increase of 182,000. Stocks received a further boost when Federal Reserve Chairman Jerome Powell said during a panel discussion that the central bank "will be patient as we watch to see how the economy evolves." Investors had become concerned that rising interest rates were weighing on equity prices. In company news, shares of Netflix Inc. (NFLX) rose more than 9% after Goldman Sachs added the company to its Conviction List.

-Aaron Hankin; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 04, 2019 16:21 ET (21:21 GMT)

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