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US stocks open lower as rate-cut rally fizzles; FedEx slides
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FedEx tumbled after issuing a grim outlook.
The Dow Jones Industrial Average fell 37.79 points, or 0.10%, at the open to 37,520.13.
The S&P 500 opened lower by 3.64 points, or 0.08%, at 4,764.73, while the Nasdaq Composite dropped 29.86 points, or 0.20%, to 14,973.36 at the opening bell.
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About this in other media
Asian shares set to snap two-year losing streak on rate cut wagers investing.com /11 months ago
Dollar snaps two-year winning streak on 2024 rate cut bets investing.com /11 months ago
Gold rate today at three-week high on US Fed rate cut buzz. Buy or wait? livemint.com /11 months ago
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