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.

2 months ago·New York, United States

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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 months 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 months ago·Atlanta, United States

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New York Times

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

Pessimism is deepening as bellwether companies like FedEx and General Electric warn of worsening economic and business conditions.

2 months ago·New York, 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 months ago·Washington, United States

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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 months 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 months ago·Singapore

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