Pre-open:
June 18 (Bloomberg) -- FedEx Corp., the second-largest U.S. package-shipping company, reported a fourth-quarter loss of $241 million, reflecting rising fuel costs and a writedown on the FedEx Kinko's unit.
Transports are going to take a hit. What is happening to FedEx is going to happen to everyone that relies on moving goods this earnings season.
Bonds have a bid, yields are down to 4.188%. QQQQ has lost 5 dma support at 48.33. ES has fib support at 1340/1340.75. ER has support at 731/732.
June 18 (Bloomberg) -- FedEx Corp., the second-largest U.S. package-shipping company, reported a fourth-quarter loss of $241 million, reflecting rising fuel costs and a writedown on the FedEx Kinko's unit.
Transports are going to take a hit. What is happening to FedEx is going to happen to everyone that relies on moving goods this earnings season.
Bonds have a bid, yields are down to 4.188%. QQQQ has lost 5 dma support at 48.33. ES has fib support at 1340/1340.75. ER has support at 731/732.
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on Wednesday, June 18, 2008 at 6/18/2008 09:18:00 AM.
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