Wall Street falls as FedEx warning adds to market woes

Summary by Ground News

The Dow Jones Industrial Average fell 293 points, or 1%, to 30,672 and the Nasdaq fell 1.4%. Both indexes are also on track for steep weekly losses. Technology stocks, retailers and industrial companies had some of the biggest losses.Package delivery service FedEx fell 22.8% after warning investors that profits for its fiscal first-quarter will likely fall short of forecasts.

2 months ago

News Articles

More Filters

All

Left

Center

Right

Washington Times

Wall Street falls as FedEx warning adds to market woes

Wall Street closed out the stock market's worst week in three months with more losses Friday, as a stark warning from FedEx about rapidly worsening trends in the economy rattled already anxious investors.

2 months ago·Washington, United States

Read Full Article

Los Angeles Times

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, following a stark warning from FedEx about worsening economic trends.

2 months ago·Los Angeles, United States

Read Full Article

Star Advertiser

Wall Street falls again as FedEx warning adds to stock market woes

Wall Street closed out the stock market’s worst week in three months with more losses today, as a stark warning from FedEx about rapidly worsening trends in the economy rattled already anxious investors.

2 months ago·Honolulu, United States

Read Full Article

News 4 JAX

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·Jacksonville, United States

Read Full Article

Click on Detroit

Wall Street slips as FedEx warning adds to market woes

Stocks fell broadly in morning trading on Wall Street Friday, putting the market on track for another week of sizable losses.The latest discouraging news for traders came from corporate giants FedeEx and General Electric, which warned about worsening trends in the economy hurting business.The S&P; 500 fell 1.1% as of 10:12 a.m. Eastern. The benchmark index is down 5% for the week, with much of the loss coming from a rout on Tuesday following a s…

2 months ago·Detroit, United States

Read Full Article