Wall Street falls as FedEx warning adds to market woes
18 Articles
18 Articles
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.The S&P 500 fell 0.7%, with all but two of its 11 company sectors ending in the red. The benchmark index sank 4.8% for the week, with much of the loss coming from a 4.3% rout on Tuesday following a surprisingly hot report on inflation. The last …
Stocks fall 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. The S&P 500 fell 0.7%, with all but two of its 11 company sectors ending in the red. The benchmark index sank […]
Wall Street slips as FedEx warning adds to market woes
Stocks fell broadly in afternoon 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 FedEx and General Electric, which warned about worsening trends in the economy hurting business.The S&P 500 fell 1.2% as of 12:01 p.m. Eastern. The benchmark index is down 5.2% for the week, with much of the loss coming from a rout on Tuesday following a…
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