Update 1: FedEx Meets 1Q Wall Street Estimates
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FedEx Corp. said Tuesday that its first-quarter earnings more than doubled, helped by a strengthening worldwide economy and expansion of its international express and ground shipping businesses.
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U.S. stocks rose on Thursday, sending the Dow up 1 percent to a record after retailers posted upbeat monthly sales figures and outlooks, boosting optimism about consumer spending.
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European shares tracked Wall Street's  gains after the Federal Reserve stuck to its "measured"  rate-tightening pace, reassured on inflation and indicated that  the U.S. economy was growing at a moderate pace.
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U.S. stocks rose on Wednesday, with the Nasdaq up nearly 1 percent, as the government raised its estimate of third-quarter economic growth and shares of Exxon Mobil Corp.  and Microsoft Corp.  advanced.
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FedEx Corp  reported on Thursday a higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down more than 2 percent.
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Federated Department Stores Inc.  on Thursday reported a better-than-expected rise in January sales at stores open at least one fiscal year and raised its quarterly earnings forecast, sending its shares up nearly 4 percent.
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Wall Street held on to its gains after the Federal Reserve kept short-term interest rates steady.
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The Nikkei average rose 1.06 percent on   Wednesday, recovering from a one-month closing low the previous   day as heavyweight stocks such as Fast Retailing Co. Ltd.   9983.T led the market higher following a rally in U.S.   shares.
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Package delivery company FedEx Corp  said on Thursday quarterly profit rose despite a slowing U.S. economy.
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The business software maker delivered a fiscal first-quarter performance that topped analyst expectations.
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(Corrects Reuters Estimate figure in 4th paragraph to $1.20
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Wall Street ended the first week of the third quarter with a respectable gain, shaking off early losses as investors found signs of strength in the June employment report.
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Nasdaq composite +0,9%, SP 500 +0,39%
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The benchmark for Tokyo stocks rallied nearly 1.9 percent Monday following last week&#39;s gains on Wall Street and an upgrade of major Japanese banks by an international credit ratings agency.
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Stock prices are slightly higher after the latest reading on economic growth. The Dow Jones Industrial Average is up 1 point in today&#39;s early going.
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Asian stocks posted strong gains Monday but European shares closed flat after weakness on Wall Street following news of a record 3.1 trillion dollar US budget proposal.
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Stocks were little changed on Thursday as a weak outlook from economic bellwether FedEx and sharply lower profit from investment bank Bear Stearns helped stall a rally that followed this week's aggressive interest rate cut.