Dow Jones, Nasdaq Threaten To Snap Win Streak; FedEx Dives On Earnings
·1 min
Dow Jones futures fell Wednesday, indicating a possible end to their nine-day winning streak. The stock market appeared ready for a break as investors awaited consumer confidence and home sales data. Shipping company FedEx experienced a significant drop in its stock price following disappointing earnings results. Pre-market trading showed a decline in Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures. Oil prices, however, continued their upward trend. Later in the day, existing-home sales numbers and the consumer confidence index were scheduled to be released.
