Live: Dow drops 300 points as traders fret over FedEx warning, Wall Street heads for big weekly loss
https://www.cnbc.com/2022/09/15/sto...are|com.apple.UIKit.activity.CopyToPasteboard
“Shares of FedEx plunged 23% after the shipments company withdrew its full-year guidance and said it will implement cost-cutting initiatives to contend with soft global shipment volumes as the global economy “significantly worsened.” Transport stocks are typically seen as a leading economic indicator, so FedEx’s announcement could contribute to broader declines on Friday.”
https://www.cnbc.com/2022/09/15/sto...are|com.apple.UIKit.activity.CopyToPasteboard
“Shares of FedEx plunged 23% after the shipments company withdrew its full-year guidance and said it will implement cost-cutting initiatives to contend with soft global shipment volumes as the global economy “significantly worsened.” Transport stocks are typically seen as a leading economic indicator, so FedEx’s announcement could contribute to broader declines on Friday.”