FedEx Stock Loss After Earnings Miss: Stock Market Analysis

FedEx Stock Drops 6% on Earnings Miss

Ryan Christensen, account executive at Adviser Investments, has the market analysis for Tuesday, March 19. Despite starting the day with strong gains, major U.S. stock indexes closed with minimal movement and mixed results. The Dow Jones Industrial Average and S&P 500 saw respective 0.1% and fractional declines while the NASDAQ rose 0.1% . Meanwhile, FedEx fell 6%  after missing both earnings and revenue expectations and cutting guidance for the second consecutive quarter. The company cited weakening global macroeconomic and trade trends.

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