Christmas Day News Update: FedEx Corporation (NYSE:FDX)

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Dec 24 Wall Street was mixed on Thursday as a drop in energy stocks kept a lid on holiday cheer in a shortened Christmas Eve trading session, according to Reuters

Equity markets will close at 1 p.m. EST (1800 GMT) on Thursday, ahead of the Christmas Day holiday on Friday. Volume is predictable to be light, which could exacerbate volatility.

According to  latest news report, FedEx Corporation (NYSE:FDX) dropped -0.71% and closed at $149.65, said some packages would be delayed due to heavy storms rolling across the Southeast and Midwest, and that the company would make some deliveries on Christmas Day, according to  Market Watch

FedEx’s major air hub is located in Memphis, Tenn., in an area affected by the storms. FedEx made some adjustments to its operations due to the severe weather and to minimize customer disruptions, a spokeswoman wrote in an email.

“FedEx is operating with slight delays this morning, but we are ongoing to make adjustments and do everything we can to minimize impact on our customers,” she added.

To ensure packages make it, FedEx Corporation, said some Express employees will make deliveries Christmas Day on a voluntary basis, and all customer counters at FedEx Express stations will be open in the morning for customer pickups. The company has done this for the past several years, a spokeswoman added.


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