From Nasdaq:



The article discusses the muted performance of U.S. stocks on Wednesday, driven by a gloomy outlook from FedEx. The S&P 500 and Dow remained unchanged, while the Nasdaq saw a boost from Alphabet’s announcement. The Federal Reserve’s dovish turn and falling interest rates have influenced market sentiment. The article also highlights positive economic indicators, including an increase in consumer confidence and existing home sales, as well as the possibility of rate cuts in the coming year. The article also discusses the performance of various sectors and individual companies, including FedEx, United Parcel Service, and Aon. Lastly, it mentions upcoming economic reports on GDP and personal consumption expenditures.



Original: US STOCKS-Wall Street moves sideways as rate cut rally loses steam