Stocks fell broadly on Wall Street, leaving the market with another week of sizable losses, as a stark warning from FedEx about rapidly worsening trends in the economy gave investors more to worry about.
The S&P 500 fell 0.7 percent Friday. The Nasdaq lost almost 1 percent and the Dow lost almost half a percent.
FedEx had its biggest loss on record after saying a sharp dropoff in its business had worsened in recent weeks. Markets were already on edge because of stubbornly high inflation as well as the higher interest rates being used to fight it, which will slow the economy….