UPS Hits Lowest Point Since April 2003

<UPS (nyse: UPS – news – people ), which blamed the continuation of high fuel prices and slumping domestic demand for the reduction, set a new 5-year low Tuesday. Rival FedEx Corp. (nyse: FDX – news – people ) recorded its lowest stock price in nearly two years Tuesday.

Both companies are considered prime indicators for the performance of the overall U.S. economy.

UPS fell 34 cents to $61.92 in afternoon trading, after hitting as low as $61.68 earlier. FedEx shares added 50 cents to $80.48.>

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