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Barchart
Barchart
Oleksandr Pylypenko

Stock Index Futures Muted as Euphoria Over Fed Rate Cut Ebbs, FedEx Results Disappoint

US Federal Reserve FedEx China United States Bank of Japan BOJ Morgan Stanley

September S&P 500 E-Mini futures (ESU24) are down -0.09%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.15% this morning as disappointing earnings results from global economic bellwether FedEx dampened optimism surrounding the outlook for interest rates, while investors geared up for the so-called triple-witching event later in the day.

FedEx (FDX) plunged over -13% in pre-market trading after the delivery services giant reported weaker-than-expected Q1 adjusted EPS and cut its full-year guidance.

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