A brighter outlook from FedEx Corp and a pickup in sales of new homes sent U.S. stocks higher on Monday, building on the best three-week period for the S&P 500 Index in a year.
FedEx Corp raised its quarterly and full-year forecasts on Monday, citing strong volume growth, and its shares rose nearly 5 percent.
Stocks were set for a higher open on Monday after FedEx Corp raised its earnings outlook and ahead of data on new home sales.
FedEx Corp said on Wednesday that healthcare and pension costs will pinch profits in 2011, sending its shares down despite quarterly results that beat analysts' expectations.
U.S. stocks slipped on Wednesday as a warning from FedEx , which said higher costs would crimp profits next year, overshadowed a surge in industrial production.
The Dow and S&P 500 dipped on Wednesday after concerns about FedEx's warning on higher costs, while optimism stirred by Apple Inc's stronger-than-expected iPhone sales helped the Nasdaq.
Stocks fell on Wednesday as FedEx warned about higher costs, housing starts fell to a five-month low and new concerns surfaced over Spain's fiscal problems.
Stocks were set to fall at the open on Wednesday as FedEx warned about higher costs, housing starts fell to a five-month low and new concerns surfaced over Spain's fiscal problems.
FedEx Corp reported a quarterly profit on Wednesday that beat analyst expectations, but said costs would constrain its 2011 earnings, sending its shares down in premarket trading.
As investors struggle to shake fears -- fueled by European debt and U.S. unemployment -- of a double-dip recession, shareholders of FedEx Corp are looking elsewhere for signs of economic growth.
In the depths of what United Parcel Service calls its Primary Matrix, not a soul stands alongside the intricate grid of belts 155 miles long conveying more than a million packages into and out of the hub here daily.
U.S. stocks edged higher on Thursday as a strong profit forecast from United Parcel Service Inc propelled transportation shares, offsetting worries that debt-plagued Greece was ready to use an emergency bailout package.
Removes reference in 9th paragraph to FedEx being the largest package shipping company
FedEx Corp raised its fiscal-year outlook on Thursday after quarterly profit more than doubled, with strong Asian export volumes more than compensating for flat U.S. demand.
The Dow industrials rose on Thursday on Boeing's strength, while the S&P 500 slipped after a round of economic data and corporate results.
Deutsche Post DHL unveiled a conservative financial strategy that focuses on saving cash to safeguard its credit rating and gave a 2010 earnings outlook that missed market expectations.
FedEx Corp is famous for memorable television commercials, but like many big companies, it is following customers as they navigate from the television to the computer and in turn, shipping much of its marketing to the Web.
United Parcel Service Inc raised its fourth-quarter profit forecast on Friday but said it was cutting another 1,800 management and administrative jobs.
The Dow and the S&P 500 pulled back from 15-month highs on Friday after an unexpectedly weak employment report dampened hopes for a rebound in the labor market.
The snowstorm that walloped the East Coast over the weekend hit retailers hard, forcing store closures and keeping shoppers at home by the fire. But those heavy storm clouds had a silver lining for shippers like United Parcel Service, the world's largest package delivery company, whose business peaks annually with the global gift-giving frenzy that culminates around Christmastime.
Stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.
FedEx Corp forecast on Thursday profit for the current quarter below analysts' expectations, raising concerns that the U.S. economy was not recovering as fast as had been expected, and sending its shares down more than 6 percent.
