After the S&P 500 recovered from a challenging start to the week, stock futures were mixed early on Wednesday.
Futures linked to the Dow Jones Industrial Average decreased 0.13%, while Nasdaq 100 futures increased by 0.22%. S&P 500 futures saw minimal movement.
FedEx had a 14% increase in after-hours trading following the release of adjusted profits for the fiscal fourth quarter that exceeded forecasts.
Following the announcement by Volkswagen Group that it will spend up to $5 billion in the electric vehicle firm, Rivian Automotive saw a 48% increase in value.
Tuesday’s normal trading saw the S&P 500 and the Nasdaq Composite rebound from three days of losses, helped by a rise in Nvidia stock.
Out of the three major averages, the 30-stock Dow fell the most, roughly 300 points.
Source (CNBC)
