Published on 16 Sep 2022 on MarketWatch
U.S. stocks end lower as FedEx warning rattles investors, S&P 500 and Nasdaq book biggest weekly...
U.S. stocks ended lower Friday, trimming losses into the close but still booking big weekly losses, after a warning from FedEx Corp. rattled investors amid ongoing worries that another interest rate hike by the Federal Reserve next week heightens recession risks.
For the week, the Dow fell 4.1%, while the S&P 500 dropped 4.8% drop and the Nasdaq Composite tumbled 5.5%. The S&P 500 and Nasdaq each saw their biggest weekly percentage drops since June, while the Dow had its worst week since the stretch ending Aug. 26, according to Dow Jones Market Data.