US stock futures dip as Trump’s firing of Cook sparks Fed independence fears
After-hours movers:
FedEx (NYSE:FDX) fell 4% after it lowered full year EPS guidance. Fedex sees full year EPS of 18.00 to $18.60 per share, compared to the prior forecast of $19.00 to $20.00 per share
Micron Technology (NASDAQ:MU) rose 5% after it reported a solid quarter and better than expected revenue guidance. Micron Technology sees Q3 2025 revenue of $8.6-9 billion, versus the consensus of $8.48 billion.
Nike (NYSE:NKE) rose 2.7% after it published quarterly results that beat estimates on the top and bottom line. Revenues for NIKE, Inc. were $11.3 billion, down 9 percent on a reported basis compared to the prior year and down 7 percent on a currency-neutral basis.
U.S. Steel (X) declined 2% after it issued first quarter 2025 adjusted net earnings per diluted share guidance of ($0.53) to ($0.49). This was below the consensus of ($0.32).