New York, Dec 19 (AFP/APP): Global stocks were mixed Wednesday, with Wall Street’s rally showing signs of fatigue as FedEx shares dived on disappointing earnings. Major US indices notched a string of records in recent sessions following last week’s initial US-China trade agreement. But only the Nasdaq managed to eke out another new peak on Wednesday while the Dow and S&P 500 both retreated slightly. Some analysts saw the weak FedEx results as having an outsized impact. The shipping company lost more than 10 percent as it missed analyst estimates due in part to high costs for e-commerce investments and complained of the drag from “weak global economic conditions.” “I am wondering if the news from FedEx has not caused investors to second guess expected growth in the global economy in the coming year, since transportation stocks tend to be leading indicators,” said Sam Stovall, chief investment strategist at CFRA Research. Investors appeared unperturbed by an impending vote in the House of Representatives to impeach President Donald Trump, in part because the effort is unlikely to result in Trump’s removal from office after a trial in the Republican-controlled Senate. “US traders continue to keep one eye on impeachment proceedings, but … Continue reading US stocks rally shows sign of fatigue as FedEx sinks