Home / FedEx / Stocks briefly fall below 12,000 amid about financials, FedEx (USA Today)

Stocks briefly fall below 12,000 amid about financials, FedEx (USA Today)

Stocks extended their declines Wednesday amid renewed concerns about the financial sector and after FedEx warned that weakening demand and surging fuel costs would weigh on fiscal 2009 profits. The drop pushed the Dow Jones industrial average down about 150 points, sometimes sending it below 12,000 for the first time since March.

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