Getty Images Analysts at Bank of America lowered their ratings of shares of UPS and FedEx on Thursday A big Wall Street bank got more cautious about two U.S. shipping giants' shares today. Bank of America analysts on Thursday downgraded both FedEx (FDX) and UPS (UPS), setting price targets on shares that were among the lowest on Wall Street. The analysts cut their rating on FedEx to “neutral” from “buy,” trimming their target by $5 to $240, one of the lower ratings compiled by Visible Alpha and below the ...

US stock futures nudged higher on Thursday as Wall Street waited for the latest reading on consumer inflation to help set expectations for the pace of interest-rate cuts this year. Futures on the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all gained about 0.2%, on the heels of a muted but record-setting session Wednesday. Investors are bracing for an important test with Thursday's report on the consumer price index (CPI) for August. Investors are on wat ...

Gold advanced as a surprise pullback in US inflation underpinned bets that the Federal Reserve will lower interest rates at its meeting next week. US wholesale inflation unexpectedly declined in August for the first time in four months, alleviating worries that elevated inflation would create a challenge for Fed policymakers trying to prevent a slowdown in the labor market. Traders now almost fully priced in three rate cuts for the rest of the year. Bullion typically benefits in a low rate environment. ...

US stocks eyed fresh all-time highs on Wednesday as Oracle's (ORCL) blowout revenue forecast lifted AI hopes, as Wall Street waited for a wholesale inflation reading seen as unlikely to reset rate-cut bets. Futures on the S&P 500 (ES=F) climbed 0.3%, while those on the Nasdaq 100 (NQ=F) edged up 0.2%, on the heels of record closing highs. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer tech stocks, slipped 0.2%. Oracle stunned Wall Street as its CEO said its cloud revenue will ...