
September S&P 500 E-Mini futures (ESU24) are up +0.23%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.38% this morning as investors cheered forecast-beating quarterly results and profit forecast from global economic bellwether FedEx, while also awaiting an earnings report from memory chipmaker Micron Technology.
FedEx Corporation (FDX) surged over +13% in pre-market trading after the shipping giant posted upbeat Q4 results, provided strong full-year adjusted EPS guidance, and said it would buy back $2.5 billion of its stock over the next year.