FedEx (FDX +1.82%) held on to gains today, shaking off an earlier downgrade by RBC on concerns...

|About: FedEx Corporation (FDX)|By:, SA News Editor

FedEx (FDX +1.82%) held on to gains today, shaking off an earlier downgrade by RBC on concerns that slowing global growth will cut into package shipping and delivery demand. RBC cut the stock to sector perform, saying as demand remains volatile over the next few quarters, it could negatively impact earnings.