FedEx Corporation (NYSE: FDX) said its adjusted earnings per share dropped to $3.44 for the quarter ended Aug 31 compared to $4.37 in the year-ago period, while revenue increased to $23.2 billion from $22 billion.
Wedbush raised the price target on Darden Restaurants, Inc. (NYSE: DRI) from $122 to $134. Wedbush analyst Nick Setyan maintained the stock with a Neutral rating. Darden shares fell 4.4% to close at $125.45 on Thursday.
U.S. stock futures traded lower this morning after recording losses in the previous session. Here are some big stocks moving lower in today’s pre-market trading session.
The CNN Money Fear and Greed index showed further increase in the fear level among U.S. investors as stocks on the Wall Street settled lower for the third session in a row on Thursday.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Friday after recording losses on Thursday. The Dow Jones closed lower by more than 100 points, while the Nasdaq Composite fell around 150 points in the previous session after the US Federal Reserve, on Wednesday, raised its policy rate by 75 basis points for the third time.
U.S. stocks closed lower on Thursday with the Nasdaq Composite dropping around 150 points amid a decline in Apple Inc. (NASDAQ: AAPL) and Amazon.com, Inc. (NASDAQ: AMZN) shares.
U.S. stocks ended lower on Thursday, recording losses for the third straight session as investors assessed the latest move by the Federal Reserve to combat inflation.
The Fed raised its policy rate by 75 basis points and also signalled more rate hikes in the coming period.
Bitcoin (CRYPTO: BTC), the world’s most valued cryptocurrency, showed some recovery signs, climbing above the $19,000 level this morning after the US Federal Reserve, on Wednesday, raised interest rates by 75 bps.