Nasdaq Gains 100 Points; FedEx Posts Upbeat Earnings

Company Performance - FedEx Corp. reported first-quarter revenue of $22.2 billion, exceeding analyst estimates of $21.67 billion [3] - The company achieved adjusted earnings of $3.83 per share, surpassing estimates of $3.62 per share [3] - FedEx expects revenue growth of 4% to 6% year-over-year in fiscal 2026 and plans for permanent cost reductions of $1 billion [4] Stock Movements - AGM Group Holdings Inc. shares surged 323% to $9.43 following the sale of its subsidiary for $57.45 million [8] - Barfresh Food Group, Inc. shares increased by 21% to $4.64 after raising its revenue guidance for FY26 and FY25 [8] - ZOOZ Power Ltd. shares rose 40% to $3.26 after shareholder approval for a $180 million private placement [8] - Reviva Pharmaceuticals Holdings, Inc. shares fell 38% to $0.2593 due to a $9 million offering announcement [8] - ChowChow Cloud International shares dropped 16% to $4.51 amid post-IPO volatility [8] - AtlasClear Holdings, Inc. shares decreased by 16% to $0.9779 [8] Market Overview - Energy stocks declined by 0.9% on Friday [2] - Asian markets closed mostly lower, with Japan's Nikkei down 0.57% and China's Shanghai Composite down 0.30% [9] - European shares were mostly higher, with the eurozone's STOXX 600 rising 0.1% [7]