Bloomberg News

U.S. Stock-Index Futures Trim Loss as FedEx Rallies on Earnings

June 22, 2011

June 22 (Bloomberg) -- U.S. stock-index futures pared losses as FedEx Corp. rallied after reporting earnings that exceeded analysts’ estimates.

FedEx, the second-largest U.S. shipping company, rose 2.7 percent after reporting fiscal fourth-quarter profit of $1.75 a share, compared with the average analyst estimate of $1.72.

Futures on the Standard & Poor’s 500 Index were down 0.1 percent at 1,286.5 as of 7:53 a.m. in New York after falling as much as 0.5 percent earlier. Dow Jones Industrial Average futures decreased 6 points, or less than 0.1 percent,to 12,082.

To contact the editor responsible for this story: Michael Regan at mregan12@bloomberg.net


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