Stock market today: S&P 500, Dow futures back away from records as Fed cheer fizzles

By Yahoo! Finance | Sep 20, 2024 at 07:13 AM EST

US stocks were set to retreat from record highs on Friday as optimism from rate cuts waned, with FedEx earnings acting as a reality check. Concerns about economic risks and the Fed's effectiveness are leading to doubts among investors. FedEx's disappointing results added to the market uncertainty.

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