Market Performance - Major market indexes reached all-time highs, with the Dow increasing by 124 points (+0.27%) to 46,142, the S&P 500 rising by 31 points (+0.48%) to 6,631, the Nasdaq surging by 209 points (+0.94%) to 22,470, and the Russell 2000 climbing by 62 points (+2.60%) to 2,467 [1] Bond Market - Bond yields continued to rise, with the 10-year yield increasing from +4.08% to +4.12% and the 2-year yield rising by 6 basis points to +3.57% [2] NVIDIA and Intel Partnership - NVIDIA invested $5 billion into Intel to integrate NVIDIA's AI and accelerated computing stack with Intel's CPUs, projected to generate $150 million in annual notebook sales [3] - Following the investment, Intel's shares surged nearly +23%, marking its best single-day trading performance in four decades, while NVIDIA shares increased by +3.5% [4] FedEx Earnings Report - FedEx reported fiscal Q1 earnings of $3.83 per share, exceeding the Zacks consensus of $3.65 and the previous year's $3.60, with revenues of $22.24 billion surpassing expectations of $21.78 billion [5] - The revenue guidance for the full fiscal year was revised upward to +4-6% from +1.2%, while the midpoint for earnings guidance was slightly lowered [6]

Market Overview - Market futures are rallying due to the absence of negative news, with tech stocks reaching record highs and the S&P 500 only about -1% below all-time highs [1] - The Dow gained +507 points (+0.62%), the S&P 500 rose +67 points (+1.11%), and the Nasdaq led with a gain of +281 points (+1.43%) [2] - Oil prices are declining, with WTI at $64.91 per barrel and Brent crude at $65.08 per barrel, down from $65 and $67 respectively [3] Federal Reserve Insights - Fed Chair Jerome Powell remains firm on keeping interest rates steady despite pressure from Republican members, citing cooling inflation but potential price increases from upcoming tariffs [4] - Employment numbers are softening but not indicating a sudden rise in job losses, with Continuing Jobless Claims not yet reaching 2 million per week [5] Company Performance: FedEx - FedEx reported fiscal Q3 earnings of $6.07 per share, exceeding the Zacks consensus of $5.93, with revenues of $22.22 billion surpassing expectations of $21.73 billion [6] - Both Express and Freight businesses outperformed, with increased export volume indicating a pull-forward of activity ahead of upcoming tariffs [7] - Next-quarter earnings guidance has been lowered to $3.40-4.00 per share, below the Zacks consensus of $4.05, leading to a stock decline of -4.4% [7]

Core Insights - United Parcel Service, Inc. (UPS) is expanding its shipping portfolio with two new ground services: UPS Ground Saver and UPS Ground with Freight Pricing, aimed at enhancing delivery options for both residential and commercial shippers [1][5] UPS Ground Saver - UPS Ground Saver is an economical shipping solution for less urgent packages, utilizing the UPS Smart Logistics Network, and offers delivery times similar to standard UPS Ground [2] - It includes features like Delivery Photo and recipient control upgrades through UPS My Choice, targeting direct-to-consumer businesses shipping lower-value merchandise while ensuring reliability [2] UPS Ground With Freight Pricing - UPS Ground with Freight Pricing is designed for commercial shippers needing reliable small package solutions and load shipments over 150 pounds [3] - This service provides cost savings compared to less-than-truckload (LTL) carriers, with no additional fees for services like lift-gate delivery and offers nationwide coverage through UPS's network [3] Market Context - The LTL market is projected to reach $94.5 billion by 2025, indicating significant growth opportunities for UPS's expanded ground shipping options [4] Strategic Vision - UPS aims to transform customer experience by offering a comprehensive portfolio that includes delivery, returns, and pickup services seven days a week, with Ground Saver and Ground with Freight Pricing being the first of many enhancements planned for 2025 [5] - UPS is positioned as the only major U.S. small package carrier offering parcel service at LTL pricing, which serves as a key differentiator in the market [5]