Stock Market News Today: Markets struggle for momentum; FedEx surges (SP500)


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The major U.S. averages on Wednesday seesawed, as stocks struggled for momentum. A post-earnings surge in global economic bellwether FedEx (FDX) was countered by a sell-off in Treasurys. The S&P (SP500) was last down 0.02% to 5,468.12 points in afternoon trade, while the blue-chip Dow (DJI) had added 0.09% to 39,146.71 points. The tech-heavy Nasdaq Composite (COMP:IND) had climbed 0.22% to 17,755.78 points. All 11 S&P sectors were in the red, except Consumer Discretionary. Following a bull run that has seen the S&P 500 (SP500) take out record after record, Wall Street has taken a bit of a breather over...