Amazon shadow sends FedEx and UPS lower

Feb. 09, 2018 7:19 AM ETFedEx Corporation (FDX) StockAMZN, FDX, UPSBy: Clark Schultz, SA News Editor108 Comments
  • FedEx (NYSE:FDX) and UPS (NYSE:UPS) are lower in premarket trading after a brighter spotlight is turned on Amazon's (NASDAQ:AMZN) plan to run a delivery service.
  • The Wall Street Journal reports that Amazon is expected to roll out the service in the next couple of weeks with third-party merchants that sell good off its site.
  • A launch to other select U.S. cities is anticipated to happen later this year.
  • FedEx is down 4.31% premarket, while UPS is 4.83% lower. Amazon is up 0.32% to $1,354.80.

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