Stocks end lower after FedEx warning, post weekly declines

Stocks fell Friday after FedEx Corp. FDX, -21.40% issued a profit warning that stirred fears of a global recession, but ended the day well off session lows. Major indexes booked large weekly losses as investors looked ahead to next week's Federal Reserve decision, which is expected to see policy makers deliver another large rate increase in an effort to get inflation under control.

The Dow Jones Industrial Average DJIA, -0.45% fell around 140 points, or 0.5%, to close near 30,822, according to preliminary figures, after dropping more than 400 points at its session low. The S&P 500 SPX, -0.72% ended 0.7% lower near 3,873, while the Nasdaq Composite COMP, -0.90% shed 0.9% to finish near 11,448. The decline left the Dow down 4.1% for the week, while the S&P 500 saw a 4.8% weekly fall and the Nasdaq slid 5.5%.

FedEx can effect the whole market with a thought 😂😂😂 crazy times..

FJB

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Making the Biggest Moves Premarket: FedEx, International Paper, Uber and MoreThese are the stocks posting the largest moves before the bell.
Source: NBCDFW - 🏆 288. / 63 Read more »

Stocks Making the Biggest Moves Midday: FedEx, Adobe, Boeing and MoreThese are the stocks posting the largest moves in midday trading.
Source: nbcchicago - 🏆 545. / 51 Read more »

Stocks Making the Biggest Moves Premarket: Rail Stocks, Arconic, NextEra Energy and MoreThese are the stocks posting the largest moves before the bell.
Source: nbcsandiego - 🏆 524. / 51 Read more »