FedEx’s stock rallies in a bad market, with Wall Street encouraged by China ‘rebound’
March 18, 2020 at 14:02 PM EDT
Shares of FedEx Corp. surged Wednesday, to buck the sharp selloff in the transport sector and the broader stock market, as a fiscal third-quarter revenue beat and a rebound in its China business helped soothe Wall Street concerns over COVID-19-related uncertainties.
