POL - US Stocks Mostly Lower; FedEx Earnings Miss Estimates | Benzinga
U.S. stocks traded mostly lower this morning, with the Dow Jones index falling around 75 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.21% to 37,480.08 while the NASDAQ rose 0.01% to 15,005.14. The S&P 500 also fell, dropping, 0.16% to 4,760.63.
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Leading and Lagging Sectors
Communication services shares jumped by 0.9% on Wednesday.
In trading on Wednesday, consumer staples shares fell by 0.8%.
Top Headline
FedEx Corporation (NYSE: FDX) posted weaker-than-expected earnings for its second quarter and lowered its full-year revenue outlook on Tuesday.
FedEx reported quarterly earnings of $3.99 per share, falling short of the Street's estimate of $4.19. The company reported quarterly sales of $22.20 billion which missed analyst expectations of $22.39 billion, according to Benzinga Pro.
Equities Trading UP
Polished.com Inc. (NYSE: POL) shares shot up 110% to $2.2250. Jerald Hammann, A Polished.com shareholder, urged shareholders concerned about their investment in Polished.com to collaborate to increase the effectiveness of their actions.
Shares of ParaZero Technologies Ltd. (NASDAQ: PRZO) got a boost, surging 63% to $1.1450. ParaZero successfully completed its drone safety project with a Fortune 500 ...