
March S&P 500 E-Mini futures (ESH24) are trending down -0.20% this morning as investors digested disappointing earnings results from global economic bellwether FedEx and looked ahead to a fresh batch of U.S. economic data.
FedEx Corporation (FDX) plunged over -9% in pre-market trading following the announcement of weaker-than-expected Q2 results, coupled with the Memphis-based shipping giant’s projection of a single-digit decline in revenue for FY24.