UPS News & Events

The U.S. Postal Service intends to impose an 8% surcharge on packages in response to rising fuel prices, the Wall Street Journal's Esther Fung reports, citing two people familiar with the matter. The surcharge marks the first time the service has imposed such a fee to cover rising fuel costs, the author says, noting that the surcharge will be applied to packages but not mail. Publicly traded companies in package delivery include FedEx (FDX) and UPS (UPS).

U.S. equity markets pared their losses late in the day on Thursday following comments from Israeli PM Netanyahu that the war "will end much faster than people think" with  ground operation is being considered, along with his expressed willingness to help the U.S. reopen the Strait of Hormuz.  S&P 500 bounced from its early session lows below 6,560 to close the day north of the 6,600 level, and the rebound is holding into the evening session.  In the opening hour of the evening trade,  S&P 500 e-minis and the Nasdaq 100 contracts are up 0.3%.  In commodities, WTI Crude Oil is down notably on the developments, sliding 2% below $94 per barrel, while precious metals bounce from Thursday's steep declines.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Torrid Holdingsup 21.6%Intellicheckup 16.3%Scholasticup 9.9%FedExup 9.2%, United Parcel Serviceup 1.6% in sympathyYork Space Systemsup 8.6%Firefly Aerospaceup 7.2%United States Antimonyup 3.7%LOWER -Super Micro Computerdown 8.8% on export control violation reports as board member charged with smuggling Nvidiachips to ChinaFlowco Holdingsdown 8.0% after equity offering

UPS up 1.7% afterhours at $98.16, tracking post-earnings gains in FedEx