US STOCKS-Wall St dips as FedEx issues profit warning; all eyes on Fed

U.S. stocks came under pressure on Wednesday after a profit warning by FedEx, while investors waited for a decision on interest rates and clues on the future of U.S. monetary policy from the Federal Reserve. Shares of the package delivery company tumbled 14% and were on course for their sharpest one-day percentage drop since the financial crisis after FedEx blamed U.S.-China trade tensions and a split with Amazon.com Inc for its dismal full-year profit forecast.

source https://finance.yahoo.com/news/us-stocks-wall-st-dips-154110968.html?.tsrc=rss

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