S&P 500 futures drop after FedEx stokes fears about economy

S&P 500 futures drop after FedEx stokes fears about economy

By Noel Randewich

(Reuters) – S&P 500 futures fell on Thursday, suggesting traders expect Wall Street to open down in its next session, after FedEx withdrew its financial forecast and added to worries about a slowing global economy.

After trading resumed following a daily maintenance period, S&P 500 e-mini futures fell 0.6%. Nasdaq futures dropped 0.7%.

FedEx tumbled 16% late in the day after the company said its fiscal first-quarter results were hit by global volume softness and it withdrew…


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