Stock Market Update
26-Jun-24 11:00 ET
FDX leads industrial sector and Dow Transportation Average
Dow -58.94
at 39053.22,
Nasdaq +33.15
at 17750.81,
S&P -5.50
at 5463.80
[BRIEFING.COM] The Dow Jones Industrial Average (-0.2%) hit a fresh session high in recent action and the S&P 500 trades near its prior closing level.
The S&P 500 industrial sector (-0.6%) lags index performance so far despite a jump in shares of FedEx (FDX 292.20, +35.79, +14.0%) following better-than-expected earnings and an indication that demand is expected to improve through FY25.
The price action in FedEx has also boosted the Dow Jones Transportation Average, which sports a 1.6% gain.
