US Cash Markets Shut for Weekend as USPS Parcel Surcharge Squeezes Losses, Bolsters UPS and FedEx Pricing

The U.S. Postal Service reported a fiscal third-quarter loss of $2.5 billion, reducing its deficit by $562 million as increased prices boosted revenue.

USPS confirms July 4 shutdown, parcel investors brace for split in mail, markets

USPS confirms July 4 shutdown, parcel investors brace for split in mail, markets

Saturday’s Independence Day has led to an unusual schedule for shippers and markets in the U.S. The mail is still running Friday, but cash equity markets aren’t. For United Parcel Service and FedEx investors, this is more than a simple holiday statement. The worry is about just how much low-cost parcel volume now relies on USPS rates and last-mile work.

US stocks open higher with Micron earnings in focus, traders eye Fed

Stocks pushed higher in the U.S. on Wednesday, with the S&P 500 up 0.44%, the Nasdaq gaining 0.39%, and the Dow rising 0.53% in late-morning trading, Reuters reported, citing market data delayed at least 15 minutes. Consumer discretionary and healthcare names were strong, but energy slipped after oil prices moved lower.
Nasdaq Futures Drop Ahead of Open as Debt Concerns Hit AI Stocks

Nasdaq edges lower in after-hours as AI chip fall spurs margin chatter

U.S. stocks ended lower Tuesday after a volatile session. The Philadelphia SE Semiconductor index tumbled 7.9%, much steeper than the S&P 500, which lost 1.44%. Six of 11 S&P 500 sectors managed gains—consumer staples rose 1.8%. The Nasdaq dropped 2.21%. The Dow edged down 0.09%. On the NYSE, losers beat winners by a narrow 1.31-to-1 margin. Trading focused on recalibrating AI capex. “Some of the news lately about AI raises questions about all the spending that’s being done and the capex and ramping of the capacity for semiconductors,” said Thomas Martin, senior portfolio manager at Globalt.
UPS Customers Are Waiting on Tariff Refunds. Congress Wants Answers Now

UPS Customers Are Waiting on Tariff Refunds. Congress Wants Answers Now

House Democrats are pressing United Parcel Service Inc. for answers on whether any tariff refunds it could receive from the U.S. government will actually reach customers, adding scrutiny to the Atlanta-based giant's work in customs just before its quarterly earnings next week. In their April 23 letter, lawmakers addressed UPS CEO Carol Tomé, along with FedEx, DHL, and several top retailers.
US Stock Market This Week: S&P 500 Hits Six-Month Low as Oil Shock Knocks Out Rate-Cut Hopes

US Stock Market This Week: S&P 500 Hits Six-Month Low as Oil Shock Knocks Out Rate-Cut Hopes

Stocks in the U.S. wrapped up the week facing renewed selling on Friday, with the S&P 500 closing at a six-month low and notching its fourth consecutive weekly decline. The S&P 500 dropped 1.51% to 6,506.48. The Nasdaq slipped 2.01% and the Dow was down 0.96%. On the week, the S&P 500 surrendered 1.9%, and both the Dow and Nasdaq gave up just over 2%.

US Stock Market Today Updates