The Federal Reserve's 50-basis-point cut has led stocks (^DJI, ^IXIC, ^GSPC) to surrender their Wednesday gains and close the day slightly in the red. Market Domination Overtime hosts Seana Smith and Josh Lipton look back on the day's market activity.

FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, and $4.90, respectively.

Canada's main stock index fell on Wednesday due to losses in energy shares, even as markets braced for the U.S. Federal Reserve's monetary policy decision due later in the day. The Toronto Stock Exchange's S&P/TSX composite index was down 105.