US equities tilt lower as Fedex falls 11%. Outside day on the Nasdaq

<p>The market didn't like what it heard from FedEx in yesterday's post-closing earnings report and shares of the company are down 11%. Fedex is a good proxy for broader economic activity and the fall in its shares might be giving the bulls second thoughts. </p><p>In the Nasdaq, chipmakers are giving back some recent gains today while share of Google are leading the way, up 1.7% but well-off the earlier highs (which had looked like breakout).</p><p>Technically, an outside day has formed on the Nasdaq and losses have quickly accelerated to -0.8%.</p><p>With the drop in stocks, the US dollar has sprung to life. The dollar index is now higher on the day after earlier falling. </p>

This article was written by Adam Button at www.forexlive.com.