key stock market drivers and how he’s trading the market

It’s been a tough year for markets, as investors grapple with a strong US dollar, stubbornly high consumer prices and the prospect of higher-for-longer interest rate hikes. “The market backdrop is very much dominated by the actions of central banks and what appears to be increasingly hawkish rhetoric. It will be the path of inflation, … Read more

FedEx, Boeing, Domino’s and more

Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boeing — The aerospace company was down 6% after it reached a $200 million settlement on charges of misleading investors following two of … Read more

FedEx, Costco, Boeing and more

Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket. Costco (COST) – Costco lost 3.3% in the premarket despite reporting better-than-expected profit … Read more

Futures fall following another day of losses after Fed rate hike, sell-offs

Stock futures were lower on Friday morning as investors continued reacting to the Fed’s rate hike and concerns over a potential economic downswing. The Nasdaq 100 was down 0.48%. Dow Jones Industrial Average futures fell by 91 points, or 0.3%. S&P 500 futures increased 0.36%. Costco stock was down about 2.6% in extended trading. Although … Read more

FedEx (FDX) reports Q1 earnings

A person walks by a FedEx van in New York City, May 9, 2022. andrew kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last week that its fiscal first quarter results were hit by weakening global demand. Shares of FedEx were up about 2% … Read more