The U.S. stock market’s volatility gauge continued to fall Friday in a sign of investor relief after the Federal Reserve kicked off its interest-rate cutting cycle. The Cboe Volatility Index was down ...
The U.S. stock market was declining midday Friday, but all three major benchmarks remained on course for weekly gains after a sharp rally in the wake of the Federal Reserve’s rate cut on Wednesday.
FedEx dragged on the market with a drop of 13.5% after its profit and revenue for the latest quarter fell short of analysts’ expectations. It said U.S. customers sent fewer packages through priority ...