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Benzinga
Benzinga
Business
Joel Elconin

FedEx's Economic Warning Rattles Amazon Investors: What's Next For The Stock?

Amazon FedEx FedEx Corporation NYSE Dennis Dick

The fallout from FedEx Corporation (NYSE:FDX)'s pre-earnings announcement is having a ripple effect in the markets, and perhaps the most devastating impact is on Amazon.com, Inc. (NASDAQ:AMZN), which is the PreMarket Prep Stock of the Day.

The reason: the warning from FedEx is a dire one that consumers are buying less, both in stores and, in the case of Amazon, online.

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