U.S. stock futures were mixed on Wednesday, as the Dow Jones index fell, but the Nasdaq 100 and S&P 500 indices rose, following Tuesday’s lower close.President Donald Trump instructed the Department of Justice (DOJ) to look into oil firms for not lowering retail fuel costs as crude oil prices drop.In an early Wednesday post on Truth Social, Trump claimed that energy corporations are overcharging consumers because their pump prices do not reflect the much cheaper rates they are currently paying for crude. "Gasoline prices better start going down a lot faster than what I’m seeing!" Trump wrote.Meanwhile, the 10-year Treasury bond yielded 4.46%, and the two-year bond was at 4.19%. The CME Group’s FedWatch tool‘s projections show markets pricing a 63.7% likelihood of the Federal Reserve leaving the current interest rates unchanged during July’s meeting. IndexPerformance (+/-)Dow Jones-0.16%S&P 5000.11%Nasdaq 1000.52%Russell 20000.07%Stocks In FocusFedEx
FedEx Corp. (NYSE:FDX) dropped 6.77% in premarket on Wednesday despite beating earnings estimates, as the impacts of shifting trade policy, given the tariffs, led to shrinking operating margins.
Benzinga’s Edge Stock Rankings indicate that FDX maintains a weak price trend in the short and medium terms but a strong trend in the long term, with a poor growth score.
