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Barchart
Barchart
Oleksandr Pylypenko

UNCOVERED: Stock index futures slip as euphoria over fed rate cut ebbs fedex results disappoint - The Untold Story

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

September S&P 500 E-Mini futures (ESU24) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.45% 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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