Closing Bell Movers: FedEx jumps over 5% after earnings beat

In the opening hour of the evening session, U.S. equity futures are following through from today’s record closes across the major indices – e-mini S&Ps are up .02%, Nasdaq 100 is up 0.1%, and Russell 2K is up 0.3% after particularly keen buying appetite in the small-cap space today.  As U.S. Dollar stages a comeback on less dovish than anticipated Fed policy stance, commodities are slipping lower – WTI Crude Oil is down a decimal at $63.21 while Gold and Silver are off by 0.2%.  

Risk-on sectors Tech and Industrials outperformed on the S&P 500 today while Consumer Staples lagged.  Following better than expected weekly jobless claims data this morning, investors should also gain more comfort in the economy by the quarterly results from FedEx.  The shipping giant topped earnings estimates and the management reinstated its annual guidance, with topline growth outlook seen as particularly impressive at 4%-6% against consensus view of just 1%.  

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

•  FedEx (FDX) up 5.5%

ALSO HIGHER –

• United Parcel Service (UPS) up 2.4% after terminating plan to acquire Estafeta
• Jackson Financial (JXN) up 1.3% after announcing buyback

DOWN AFTER EARNINGS –

• Scholastic (SCHL) down 10.1%
• Research Solutions (RSSS) down 3.8%
• Lennar (LEN) down 3.2%

ALSO LOWER –

• Fathom Holdings (FTHM) down 7.1% after equity offering
• Akanda (AKAN) down 5.5% after equity offering
• Rent the Runway (RENT) down 2.8% after equity offering