General Electric shares slumped lower in pre-market trading after the industrial group cautioned that ongoing supply chain disruptions could trim its closely-tracked cashflow forecasts.
Stock futures slump on recession worries; Consumer sentiment data in focus amid sticky inflation; FedEx shares plunge after pulling profit forecast; General Electric slumps on supply chain, cash flow caution and Uber skids after confirming cybersecurity breach.
Stocks are opening broadly lower on Wall Street, putting the market on track for another week of sizable losses, as a stark warning from FedEx about rapidly worsening trends in