Wall Street saw mixed trading early Wednesday, and oil prices stabilized after two days of decline, the Associated Press reports, and the fragile truce between Israel and Iran seems to be holding. Futures for the S&P 500 were unchanged before the bell, while Dow Jones Industrial Average futures dropped around 0.1% and Nasdaq futures ticked up 0.2%.
U.S. benchmark crude fell over 9% early in the week, gaining less than 1% Wednesday to $64.97 per barrel. Brent crude, the international standard, added 48 cents to $66.65.
FedEx fell over 5% overnight after issuing lower first-quarter profit guidance than analysts had expected. The company, citing macroeconomic uncertainty, did not offer a full-year forecast.
Tesla rose 0.7% in the premarket, and Rivian 0.4%, after a federal judge ordered the Trump administration to release billions of dollars in funding for electric vehicle charger buildout.
