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UPS second-quarter profit tops estimates; sees sluggish U.S. economy

Shares in Atlanta-based United Parcel Service Inc rose more than 2 percent. “The continued strength of the U.S. dollar and I think this impending rate hike by the Fed appears to be holding back some U.S. growth,” Chief Executive Officer David Abney said on a conference call. Like main rival FedEx Corp (FDX.N), UPS is often seen as a bellwether of U.S. economic health.