Dow futures fall as FedEx withdraws instructions

Futures for U.S. shares were trading lower on Thursday evening, after key benchmark averages continued down during the regular session due to mounting fears of a global recession and as markets absorbed FedEx Corporation's dismal earnings warning (NYSE:FDX).

At approximately 7:15pm ET (11:15pm GMT), Dow Jones Futures were down 0.5%, while S&P 500 Futures and Nasdaq 100 Futures each down 0.7%.

In extended trading, shares of FedEx Corporation (NYSE:FDX) dropped 15.9% after the company revised its profitability forecast for the year and its CEO anticipated a global recession.

United Parcel Service, Inc. (NYSE:UPS) and Amazon.com, Inc. (NASDAQ:AMZN) shares fell 5.7% and 1.8%, respectively, on the announcement.

Bowlero Corp (NYSE:BOWL) increased 6.3% after reporting Q4 EPS of $0.03 below the average estimate of $0.05 and revenue of $267.72 million compared to the consensus estimate of $195.3.

Ahead in the session, investors will anticipate new consumer sentiment data.

On Thursday, the Dow Jones Industrial Average dropped 173.3 points, or 0.6%, to 30,961.8, its lowest finish since July 14. The S&P 500 fell 44.7 points, or 1.1%, to 3,901.4, and the NASDAQ Composite down 167.3 points, or 1.4%, to 11,552.4.

The 10-Year U.S. bond market interest rate was 3.449%.