U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Friday.
Following the market opening Friday, the Dow traded up 0.18% to 46,226.49 while the NASDAQ rose 0.50% to 22,582.78. The S&P 500 also rose, gaining, 0.23% to 6,646.98.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 0.8% on Friday.
In trading on Friday, energy stocks fell by 0.9%.
Top Headline
FedEx Corp. (NYSE:FDX) posted better-than-expected financial results for the first quarter of fiscal 2026 on Thursday after the bell.
FedEx reported first-quarter revenue of $22.2 billion, beating analyst estimates of $21.67 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $3.83 per share, beating estimates of $3.62 per share.
FedEx expects revenue to be up 4% to 6% on a year-over-year basis in fiscal 2026. The company also reaffirmed plans for permanent cost reductions …