Published 2 years ago

Stocks Slide in One of Wall Street’s Worst Weeks This Year

Summary by Ground News

The Dow Jones Industrial Average fell 0.5% and the Nasdaq composite dropped 0.9%. The Russell 2000 index of smaller companies took the heaviest losses, falling 1.5%. All the major indexes have now posted losses four out of the past five weeks. FedEx sank 21.4% for its biggest single-day sell-off on record after warning profits for its fiscal first-quarter will likely fall short of forecasts.

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Reuters

Wall St drops to two-month lows as recession fears mount

U.S. stocks ended in the red on Friday, falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors' flight to safety at the conclusion of a tumultuous week.

2 years ago·United Kingdom

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CNN

Stocks fall after FedEx warns of global recession

US stocks fell on Friday after FedEx served investors a brutal pre-earnings announcement about the state of the global economy.

2 years ago·Atlanta, United States

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The Washington Post

Wall Street falls as FedEx warning adds to market woes

Stocks fell broadly on Wall Street, leaving the market with another week of sizable losses, as a stark warning from FedEx about rapidly worsening trends in the economy gave investors more to worry about

2 years ago

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CNBC

Dow drops 300 points as Wall Street heads for big weekly loss

Stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an ugly earnings warning from FedEx about the global economy.

2 years ago·United States

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Channel News Asia

Wall Street drops to two-month lows as recession fears mount

NEW YORK: US stocks ended in the red on Friday (Sep 16), falling to two-month lows as a warning of impending global slowdown from FedEx hastened investors' flight to safety at the conclusion of a tumultuous week. All three major US stock indexes slid to levels not touched since mid

2 years ago·Singapore

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