Posts Tagged ‘open-on-wednesday’
Stocks are Lower on FedEx Warning and Weak Housing Data
Stocks slipped at the open on Wednesday as FedEx warned about higher costs, housing starts fell to a five-month low and new concerns surfaced over Spain’s fiscal problems. FedEx on Wednesday offered a conservative outlook for its new fiscal year even as strong exports from Asia led to healthy fourth-quarter results. The forecast for earnings of $4.40 Read the rest of this entry »