US STOCKS-Futures Slip on Tariff Woes; FedEx Falls on Bleak Forecats
U.S. stock index futures edged lower on Friday as market participants continued to grapple with the ramifications of tariffs, with FedEx being the latest company to lower its full-year forecasts due to economic uncertainty.
FedEx fell 7.2% in premarket trading, while peer UPS slipped 1.5%. Delivery firms are often seen as a barometer for the global economy given their involvement in a wide range of industries. The Dow Jones Transport Index, often regarded as a key indicator of U.S. economic heath, has fallen nearly 18% from its...
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