By: Benzinga
Mid-Morning Market Update: Markets Edge Lower, FedEx Posts Upbeat Profit
Following the market opening Wednesday, the Dow traded down 0.17 percent to 15,292.21 while the NASDAQ declined 0.06 percent to 3,480.22. The S&P also fell, dropping 0.18 percent to 1,648.87. Top Headline FedEx (NYSE: FDX ) reported a drop in its fourth-quarter profit. FedEx's quarterly profit declined to $303 million, or $0.95
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