Fedex Corp

U.S. equities suffered a broad sell-off, with the S&P 500 closing at its lowest level since September. Surging oil prices and a jump in the 10-year Treasury yield above 4.3% prompted a sharp reversal in interest rate expectations.

The U.S. Postal Service has alerted Congress it could run out of operating funds by November 2026 without legislative intervention, following a $9 billion annual loss. Postmaster General David Steiner stated 71% of delivery routes are unprofitable.

U.S. equity indices declined Friday as geopolitical turmoil in the Middle East sent oil prices to multi-year highs, stoking inflation concerns and shifting market focus away from anticipated monetary easing.

FedEx shares advanced Friday as the logistics giant posted stronger-than-expected quarterly results and raised its annual profit guidance, contrasting with a declining broader market.

U.S. stocks declined sharply Friday, with the Dow Jones Industrial Average dropping over 210 points. Surging oil prices and heightened Middle East tensions fueled inflation fears, causing investors to reassess the Federal Reserve's policy timeline.

U.S. equity futures posted modest gains early Friday as a pullback in crude oil prices offered some relief. The tentative move higher follows a broad market decline that pushed the S&P 500 below a key technical level.

FedEx shares advanced 0.8% as the company disclosed a $2.6 billion stake in a group offer to acquire European parcel locker operator InPost. The deal requires 80% shareholder approval and regulatory clearance.

InPost shares jumped 14% after FedEx and a consortium of investors proposed a €7.8 billion acquisition at €15.60 per share, a 17% premium to Friday's close.

A consortium led by Advent International and FedEx has agreed to acquire InPost for €15.60 per share in cash, a 50% premium, valuing the parcel locker operator at approximately €7.8 billion.