FedEx share price

2022 - 9 - 17

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Image courtesy of "Motley Fool"

Why FedEx Stock Is Plummeting Today (Motley Fool)

FedEx (FDX -22.32%) withdrew its guidance for the year and warned its fiscal first quarter would come in well below expectations. The stock plunged as a ...

FedEx has survived many economic cycles in the past, and there is no reason to believe the company can't survive whatever lies up ahead. "Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S. The company said it was withdrawing guidance for the full year due to the uncertain economic environment.

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Image courtesy of "CNBC"

Dow drops 200 points as traders fret over FedEx warning, Wall ... (CNBC)

The Dow Jones Industrial Average dropped 225 points, or 0.7%. The S&P 500 and Nasdaq Composite slid 1% and 1.4%, respectively. Shares of FedEx plunged 24% after ...

The pound has plummeted against the greenback this year on a combination of dollar strength and U.K. Industrial production grew 4.2% last month compared with a year ago, topping the prediction of 3.8% in a Reuters poll. A sharp decline in shares of FedEx is dragging the Dow Transports index. Morgan Stanley added that the stock trades at a discount relative to its historical average multiple. The S&P 500 is off by more than 1%. There are uncertainties at every step, the firm's Dominic Wilson said in a note Friday. "However, it is unclear if these improvements will persist, as consumers continued to exhibit substantial uncertainty over the future trajectory of prices." Transport stocks are typically seen as a leading economic indicator, and FedEx pointed to weakness in Asia as one of the main reasons for its negative outlook. For the week it's down roughly 1.3%. The index is on pace for its worst day since May 18 when it slumped 7.41%. The Dow Jones Industrial Average has declined 4.7% this week, while the S&P 500 is 3.8% lower. on Tuesday, which raised concerns that the Federal Reserve will be forced to cause a recession to cool prices.

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Image courtesy of "The Wall Street Journal"

Stock Market Today: Dow Falls 300 Points Lower; FedEx Stock ... (The Wall Street Journal)

FedEx didn't deliver. The express delivery company's competitors look like they won't either. FedEx shares were off 22% in early afternoon trading Friday, ...

Delivery companies are the proverbial canary in the coal mine for the economy. Shares in FedEx's big European rivals such as Deutsche Post_ and _Royal Mail_ tumbled Friday, adding to already mounting losses this week.\n\nInvestors are increasingly spooked that the global economy is heading into recession. The express delivery company's competitors look like they won't either.\n\nFedEx shares were off 22% in early afternoon trading Friday, making them the S&P 500's worst performer.

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Image courtesy of "Barron's"

Wall Street Waited Too Long to Abandon FedEx. Why It's Too Early ... (Barron's)

So far, five analysts downgraded shares in response. The stock was cut to Neutral from Buy at BofA Securities, while J.P. Morgan analyst Brian Ossenbeck cut his ...

[Downgrades](https://www.barrons.com/articles/fedex-ups-stock-price-rating-51662466437?mod=md_stockoverview_news&mod=article_inline) abound after stock [plunges](https://www.barrons.com/articles/fedex-stock-price-earnings-news-announcement-51663275952?mod=article_inline). ](https://www.barrons.com/market-data/stocks/fdx)

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Image courtesy of "IG"

Dim outlook for FedEx shares as it warns of economic pain ahead (IG)

FedEx Corp shares tanked in the post-market session last night, down by more than 15%, after warning that its fiscal first quarter (Q1) results would be hit by ...

[Amazon](/sg/shares/markets-shares/amazoncom-inc-AMZN-US) is one of the companies that fell as a result of this. All shares prices are delayed by at least 20 mins. [United Parcel Service Inc](/sg/shares/markets-shares/united-parcel-service-inc-UPS-US) is falling in exactly the same fashion. All shares prices are delayed by at least 15 mins. Now this is not a share which trades all-sessions on the IG platform. Now, according to FedEx, the global slowdown accelerated in August and is expected to continue through the current quarter.

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Image courtesy of "Yahoo Finance"

Stock market news live updates: Stocks plummet on heels of FedEx ... (Yahoo Finance)

Stocks tumbled Friday morning, deepening a sell-off across U.S. equity markets that placed all three major averages on pace for a weekly loss.

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Image courtesy of "Barron's"

FedEx Has a Message on the Economy. Wall Street Hates It. (Barron's)

FedEx stock was tumbling after the shipping giant doubly disappointed investors with weak quarterly results and withdrawing guidance.

](https://www.barrons.com/market-data/stocks/fdx) FedEx [

Why FedEx's stock plunge is so bad for the whole stock market (Morningstar.com)

FedEx shares (FDX) plunged 21.6% in afternoon trading Friday to a two-year low. The $44.25 price decline shaved about 270 points off the Dow Jones ...

The Dow transports' new low follows a big 18.2% bounce off the June low to the mid-August closing high. Second, significant rallies off the respective lows fail to reach the previous highs -- Check. First, the Dow industrials and Dow transports must suffer significant selloffs after reaching new highs -- Check. The Dow transports' selloff is sending an important message about the health of the broader stock market, given that the index is viewed by many as a leading economic indicator. The respective June closing lows marked a 24.4% decline in the Dow transports from its record close in November and an 18.8% drop in the Dow industrials from a January record close. There's a saying on Wall Street that the companies in the Dow transports "take" to buyers what the companies in the Dow Jones Industrial Average "make."

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Image courtesy of "Markets Insider"

Stock Market News Today: FedEx warns and Nasdaq logs weekly loss (Markets Insider)

The Nasdaq slumped more than 5% for the week as investors prepared for the Federal Reserve to raise interest rates for the fifth time in 2022.

[10-year Treasury yield](https://markets.businessinsider.com/rates/u-s--rates-10-years?utm_medium=ingest&utm_source=markets)shed 2 basis points to 3.45%. [West Texas Intermediate crude](https://markets.businessinsider.com/commodities/oil-price?type=wtisource%3Dmarkets&utm_medium=ingest%3Futm_source%3Dmarkets&utm_medium=ingest&utm_medium=ingest&utm_source=markets)rose 0.3% to $85.43 per barrel. [FedEx](https://markets.businessinsider.com/stocks/fdx-stock?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets) shares were slammed lower after the package-delivery company [issued a profit warning](https://markets.businessinsider.com/news/stocks/fedex-stock-price-today-earnings-profit-warning-global-economy-recesssion-2022-9?utm_medium=ingest&utm_source=markets) for its fiscal first quarter and ditched its previous earnings guidance for the year. [2-year Treasury note](https://markets.businessinsider.com/rates/u-s--rates-2-years?utm_medium=ingest&utm_source=markets) flirts with 3.9%, suggesting that the Fed's aggressive campaign to kill off inflation is to be taken seriously," Quincy Krosby, chief global strategist at LPL Financial, wrote Friday. [hot inflation](https://www.businessinsider.com/inflation-report-cpi-august-gas-prices-costs-recession-fed-rates-2022-9?utm_medium=ingest&utm_source=markets). The Fed has raised rates four times this year to pull inflation toward its 2% target. [Brent crude,](https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&utm_source=markets)the international benchmark, picked up 0.9% at $91.68. FedEx CEO [Raj Subramaniam told CNBC](https://www.cnbc.com/2022/09/15/fedex-ceo-says-he-expects-the-economy-to-enter-a-worldwide-recession.html) on Thursday he foresees a recession for the global economy. [time to buy the dip in stocks](https://markets.businessinsider.com/news/stocks/stock-market-outlook-falling-inflation-bottom-high-prices-fed-economy-2022-9?utm_medium=ingest&utm_source=markets)as data show inflation is falling and the market bottomed in June. Stocks have yet to see their lows of the year as the ["inflation shock ain't over](https://markets.businessinsider.com/news/stocks/stock-market-outlook-inflation-shock-sp500-new-lows-earnings-fed-2022-9?utm_medium=ingest&utm_source=markets)," Bank of America's Michael Hartnett wrote in a weekly note published Friday. Wall Street's major indexes each dropped for the week, paced by a more than 5% slump in the Nasdaq Composite. The S&P 500 dropped below 3,900 for the first time since July 18.

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Image courtesy of "Kiplinger's Personal Finance"

Stock Market Today (9/16/22): FedEx Warning Amplifies Wall Street ... (Kiplinger's Personal Finance)

At the close, the Nasdaq Composite was down 0.9% at 11,448, the S&P 500 Index was off 0.7% at 3,873, and the Dow Jones Industrial Average was 0.5% lower at ...

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