Stocks Set to Pull Back After Rally; FedEx, Daihatsu Hit Turbulence
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Futures edge lower on Wednesday, suggesting a pullback on Wall Street after a stock surge fueled by Fed rate cut hopes.
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FedEx shares dip premarket after the company slashes full-year revenue outlook amid volatile macro conditions.
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Toyota temporarily halts global shipments of all Daihatsu models after a safety test scandal finds new irregularities.
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China keeps its benchmark loan prime rate unchanged at record lows to support sluggish economy.
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Oil prices steady as traders monitor geopolitics around Red Sea while digesting unexpected build in U.S. crude inventories.