Friday, September 16, 2022

FedEx cuts sales forecast by half a billion dollars, warning of a slowing economy

FedEx shares plunged 21% in premarket trading Friday after it warned last Thursday that a slowing economy will cause it to fall $500 million short of its revenue target.
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FedEx cuts sales forecast by half a billion dollars, warning of a slowing economy
FedEx shares plunged 21% in premarket trading Friday after it warned last Thursday that a slowing economy will cause it to fall $500 million short of its revenue target. Read more »
 
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Dow falls after FedEx warns of global recession
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Dow Nasdaq S&P
0.00   -103.95   0.00
30,822.42   11,448.40   3,873.33
0.00%   -0.90%   0.00%
YTD -15.18%   YTD -26.82%   YTD -18.73%
 
Biggest Winners
Iron Mountain Inc +3.35%
 
Newmont Corporation +3.09%
 
Lennar Corp +2.67%
 
D R Horton Inc +2.15%
Biggest Losers
FedEx Corp -21.40%
 
Westrock Co -11.48%
 
International Paper Co -11.21%
 
Packaging Corp of America -11.01%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $85.33 +0.23 / +0.27%
Gold $1,685.00 +7.70 / +0.46%
10-yr 3.45% -0.01
Euro $1.00 +0.00 / +0.17%
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