While you were sleeping: UPS fails to deliver

Thu, 27 Jul 2017

By Margreet Dietz July 28 (BusinessDesk) - Wall Street was mixed, retreating after touching fresh record highs earlier in the day, as slides in shares of United Parcel Service and tech stocks including those of Apple weighed on sentiment. Shares of UPS dropped, down 4.5 percent as of 3.19pm in New York, after the world’s largest package delivery company offered a full-year outlook that failed to meet analysts’ expectations. "The back half of the year appears a little weaker than investors had expected and that's the overhang on the s...

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