Wall Street ends the week at a two-month low

Wall Street ended the week at a two-month low as recession fears escalated sharply down Friday, tumbling to a two-month low after FedEx warning of an impending global slowdown accelerated investors’ flight to safe havens at the conclusion of a turbulent week.

The three major US stock indexes fell to levels not seen since mid-July, with the Standard & Poor’s 500 closing below 3900 points, an important support level.