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US stocks fell on Friday as a recent rebound fizzled out, putting the S&P 500 on course for its fifth week in a row of declines.
The S&P was down 0.7 per cent in early trading, dragged down by disappointing corporate earnings, and the tech-heavy Nasdaq Composite lost 0.9 per cent.
FedEx shares slid 10.4 per cent after the company lowered its earnings forecasts, blaming persistent…
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