U.S. markets soared on Wednesday as consumer confidence surged to an eight-month high in December following a drop in inflation and the labor market remaining strong. Twelve-month inflation expectations fell to their lowest level since Sept. 2021, at 6.7%, according to Reuters.
FedEx Corporation (NYSE: FDX), a company that some consider a bellwether for the markets and the economy, reported a second-quarter beat after the close on Tuesday.