Dow futures slip after Fed holds rates, Fedex adds 5.4% after earnings

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Investing.com -U.S. stock futures were trading in a tight range during Wednesday’s evening deals, following a pullback among major benchmark averages after Federal Reserve officials and less rate cuts than expected for next year.

By 6:50pm ET (10:50pm GMT) and eased 0.1% while fell 0.2%.

In after-hours trade, FedEx Corporation (NYSE:) was up 5.4% after the company EPS of $4.55 versus $3.7 expected on revenues of $21.7 billion versus $21.73 billion expected.

General Mills Inc (NYSE:) was little changed after EPS of $1.09 versus $1.08 expected, while revenues were reported at $4.9 billion versus $4.89 billion expected.

KB Home (NYSE:) dipped 1.9% after the company EPS of $1.8 versus $1.44 expected on revenues of $1.59 billion versus $1.48 billion.

Ahead in Thursday’s trade, market participants will be monitoring the Philadelphia Fed and indexes, as well as and Q2 data.

During Wednesday’s regular trade, the lost 76.9 points or 0.2% to 34,440.9, the dipped 41.7 points or 0.9% to 4,402.2 and the shed 209.1 points or 1.5% to 13,469.1.

On the bond markets, rates were reached fresh 16-year highs of 4.414%.

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