|Bid||159.70 x 1400|
|Ask||161.57 x 1000|
|Day's Range||159.42 - 163.75|
|52 Week Range||82.00 - 167.36|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||31.74|
|Forward Dividend & Yield||4.04 (2.53%)|
|Ex-Dividend Date||Aug. 21, 2020|
|1y Target Est||N/A|
FedEx (NYSE: FDX) crushed expectations when it reported record revenue for the first-quarter fiscal year 2021 (Q1FY21) -- sending shares of FedEx and United Parcel Service (NYSE: UPS) to new 52-week highs on Wednesday.
The S&P 500 and Dow Jones indexes rose on Wednesday on hopes that the Federal Reserve would continue to keep interest rates low for a prolonged period, while a slide in tech-related stocks weighed on the Nasdaq. The Nasdaq briefly turned negative before regaining lost ground, while the S&P 500 technology subindex was flat by midday trading.
Wall Street's main indexes rose on Wednesday as investors hoped the Federal Reserve would continue to keep interest rates low for a prolonged period, with upbeat quarterly results from FedEx also boosting sentiment. The Federal Open Market Committee will release its policy statement and economic projections at 2 p.m. ET (1800 GMT), followed by Fed Chair Jerome Powell's virtual news briefing half an hour later.