Stocks Fall After Fedex Warns Of Global Recession
US stocks fell on Friday after FedEx gave investors a brutal pre-earnings announcement about the state of the global economy. The Dow closed 140 points, or 0.5%, lower. The S&P 500 fell 0.7% and the Nasdaq Composite fell 0.9%. All three major indices posted their fourth losing week in the last five. The Dow fell 4.1% for the week, and the S&P 500 and Nasdaq fell 5% and 5.5%, respectively....