Dow Jones Today: Stocks Turn Higher as Investors Digest Benign Inflation Data

FedEx Levels to Watch as Stock Rises on Freight Spinoff Plan

47 minutes ago

FedEx (FDX) shares rose in early trading Friday after the shipping giant announced plans to spin off its freight business as a separate public company, overshadowing a lowered full year outlook.

The stock has oscillated in an orderly ascending channel since July last year, with the price recently finding buying interest around key moving averages.

Investors should watch key overhead areas on FedEx's chart around $305 and $370, while also monitoring important support levels near $278 and $255.

FedEx shares were up 2% at around $282 in recent trading.

Read the full technical analysis piece here.

Timothy Smith

Stock Index Futures Point to Lower Open

2 hr 27 min ago

Futures tied to the Dow Jones Industrial Average were down 0.5%.

Dow Jones Today: Stocks Turn Higher as Investors Digest Benign Inflation Data

S&P 500 futures were off 0.9%.

Dow Jones Today: Stocks Turn Higher as Investors Digest Benign Inflation Data

Nasdaq 100 futures fell 1.4%.

Dow Jones Today: Stocks Turn Higher as Investors Digest Benign Inflation Data

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