Weekly Market Snapshot1

News Last Week

  • FedEx reported strong first-quarter financial results. The results also revealed details about the financial impact of FedEx’s May 2016 acquisition of Dutch parcel delivery company, TNT.
  • General Mills Inc. reported a 7% decline in net sales and reaffirmed its fiscal 2017 financial targets.
  • Unilever agreed to buy Seventh Generation Inc., the maker of environmentally-safe household products. The terms of the sale were not disclosed.
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  • Sears Holdings announced it will close 64 more of its Kmart stores in the United States. These closures are in addition to the store closures announced earlier this year.
  • Ashland Inc. spinoff Valvoline Inc. raised $660 million in its initial public offering.
  • The Department of Transportation released a federal policy containing new guidelines for automakers, suppliers and technology firms working to develop and deploy automated vehicle technologies.
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News Next Week

  • Monday: New Home Sales for August will be reported at 10:00am
  • Wednesday: Durable Goods Orders for August will be reported at 8:30am
  • Thursday: U.S. GDP for the quarter will be reported at 8:30am
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  • Thursday: International Trade in Goods for August will be reported at 8:30am
  • Friday: Personal Income and Outlays for August will be reported at 8:30am.

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