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Stock market today: Wall Street quiet ahead of Powell testimony

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World shares were mixed Wednesday after Wall Street benchmarks retreated following the S&P 500’s rise to its highest level since the spring of last year.

FedEx slipped more than 2% before the bell Wednesday after the package delivery giant beat fourth-quarter profit targets but issued guidance for fiscal 2024 that came in lower than Wall Street was hoping for. UPS followed it down, losing about 1%.

At midday in Europe, Germany's DAX, the CAC 40 in Paris and Britain's FTSE 100 were all down about 0.2%. In Australia, the S&P/ASX 200 shed 0.6% to 7,314.90. Bangkok's SET lost 1.1%, while India's Sensex was up 0.3%.

 

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