More Warnings Issued After FedEx CEO Says Global Recession Looms

More Warnings Issued After FedEx CEO Says Global Recession Looms
A FedEx truck hauling three trailers was a common sight on the Interstate 15 in Utah on June 29, 2022. Allan Stein/The Epoch Times
Jack Phillips
Updated:
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Wall Street’s main indexes hit two-month lows on Friday after a warning from the head of FedEx about a looming worldwide recession.

The benchmark S&P 500 fell below the 3,900 mark, seen by many traders as a key support level, stoking speculation that there could be more selling in equity markets. As of mid-Friday, the Dow Jones fell more than 300 points.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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