posted gains on Tuesday, ending three days of declines. The broad market index moved 0.39% higher to close the session at 5,469.30, while the tech-heavy Nasdaq gained 1.26% to close at 17,717.65. Both indexes were led by a rebound infor its fiscal fourth quarter after the bell Tuesday, with shares darting upwards in extended trading on the results. Fedex posted earnings of $5.94 per share on revenue of $22.1 billion. Analysts polled by LSEG were expecting $5.35 per share on revenue of $22.
45 billion loss in the first quarter this year, has been looking to cut costs over the past few months, taking measures like laying off employees and pausing construction on its new factory in Georgia. Stopping construction of that site is anticipated to save the company more than $2.25 billion in capital spending.compared to April of last year, according to the S&P CoreLogic Case-Shiller National Home Price Index.