US Stock Market Move | FedEx Corporation (FDX.US) once fell by 5%, marking its largest decline since early May.

On Tuesday, FedEx Corporation (FDX.US) shares fell, dropping 5% at one point, marking the biggest decline since early May. As of the time of writing, the stock has narrowed its losses to 3.76%, trading at $313.14. In terms of news, FedEx Corporation's freight revenue is expected to increase by 4% to 6% for the seven months ending December 31, with adjusted operating profit expected to grow by 0.8% to 7.5%. In the previous weeks, the company had just completed its spin-off from its parent company, FedEx Corporation.