 In economic news, the Commerce Department said that new home sales were down just over 11% to an annual rate of $619,000 in April. Meanwhile, building permits fell by 2.8%. Shares of FedEx seen gains of around 15% today after the shipping giant issued a higher earnings forecast for fiscal 2025. The company says the improved outlook is thanks to recent cost-cutting measures. Fourth quarter earnings, meanwhile, were down, but were still able to top Wall Street estimates. FedEx also announcing a $2.5 billion share buyback.