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Stock Indexes at or Near All-Time Highs | Nasdaq 100 hits new record, S&P 500 close to previous peak

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By Felice Maranz

December 19, 2023 at 11:30 PM UTC

FedEx disappoints. Nasdaq 100 touches a record. BofA’s Moynihan says consumers are in “very good shape.’’

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A post-market plunge for FedEx may take a bit of steam out of the latest broad equities rally. The firm missed expectations due to declining air-freight and trucking volume, and its CFO flagged “demand continuing to pressure the top-line.” That may serve as a warning about a slowdown in store for broader markets. Shares sank more than 7% in the immediate wake of the company’s earnings report.