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Barchart
Barchart
Oleksandr Pylypenko

S&P Futures Slip as Investors Await U.S. Economic Data, FedEx Results Disappoint

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.

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