Wall Street lower after two days of gains

11:51 am ET Sep 20, 2007

DJIA

13,795

-20.16

S&P

1,525

-3.93

NASDAQ

2,661

-5.33

10Yr

4.60%

+0.073

Wall Street lower after two days of gains

NEW YORK
U.S. stocks were mildly lower Thursday as Wall Street mostly bypassed
better-than-expected figures on the employment front to step back from
two sessions of solid gains inspired by the Federal Reserve's
interest-rate cut.

FedEx trims fiscal 2009 outlook; economic slowdown hits profit

NEW YORK
FedEx Corp., the package-delivery and air-cargo giant that's closely
watched as an economic barometer, warned Thursday that soaring fuel
prices and turmoil in the U.S. housing and financial markets are taking
a toll on its earnings.