Wall Street ends flat to lower as FedEx outlook drags
NEW YORK (Reuters) – Stocks ended flat to slightly lower on Tuesday after bellwether FedEx cut its profit forecast and investors pulled back after last week’s rally on central bank stimulus. Falling oil prices weighed on the market for a second day, with the S&P 500 energy index , down 0. 7 percent, the day’s biggest decliner among the S&P’s sectors. The Standard & Poor’s 500 remains up 5. 3 percent since the end of July. The benchmark index reached levels not seen in nearly five years last Friday, a day after the Federal Reserve’s unveiling of its plan to undertake a third round of stimulus. . . .
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