Stock Market Update

[BRIEFING.COM] The major averages are little changed from previous levels, holding near session lows. 

FedEx (FDX 361.90, +5.79, +1.63%) is trading higher after reporting strong upside results for its Q3 (Feb) report, including a sizable EPS and revenue beat. The company also raised its full-year adjusted EPS and revenue guidance, reflecting solid execution despite several operational headwinds. Revenue increased 8.3% year-over-year to $24.00 billion, marking its strongest growth rate in four years, driven by yield and volume strength across nearly all package services.

FedEx delivered an impressive Q3 performance, highlighted by its strongest revenue growth in years and solid margin expansion at its core Federal Express segment. The results underscore the company's ability to execute on its strategy of prioritizing higher-margin services while maintaining disciplined cost control, even in the face of meaningful disruptions like the MD-11 grounding and macro-driven trade volatility.