US stocks dipped from record highs on Friday as rate-cut euphoria faded, with FedEx (FDX) earnings providing a reality check.
The S&P 500 (^GSPC) fell roughly 0.3%, after the benchmark index ended at an all-time high. The Dow Jones Industrial Average (^DJI) traded steady on the heels of notching its own record close. Leading the way lower, contracts on the tech-heavy Nasdaq Composite (^IXIC) dropped 0.3%.
Stocks surged on Thursday as investors embraced Chair...

US stocks soared on Thursday amid growing optimism that the Federal Reserve's jumbo interest rate cut will deliver a "soft landing" for the US economy.
The S&P 500 (^GSPC) climbed roughly 1.5%, while the Dow Jones Industrial Average (^IXIC) rose more than 1% with both trading near record highs. The tech-heavy Nasdaq Composite (^IXIC) led the gains, up 2.7%.
Stocks are rallying as investors take a closer look at the Fed's decision to kick-start its new rate cycle with 50 basi...