US shares opened sharply lower on Friday, following a warning from FedEx Corp.

Investors are also waiting for another hike in interest rates by the Federal Reserve next week.

The Dow Jones Industrial Average fell 353 points, or 1.2%, to end at 30,609.

The S&P 500 shed 48 points, or 1.2%, to trae at 3,854.

The Nasdaq Composite fell 188 points, or 1.6%, to close at 11,365.

Stocks were on track for weekly losses, with the Dow Industrials down 3.7% during Thursday's close

while the S&P 500 had dropped 4.1% and the Nasdaq Composite had shed 4.6%.

FedEx shares were down 23.7% after global shipper

Economic Belvedere withdrew its annual outlook late Thursday

And forecast sharply lower quarterly profit and lower revenue.

FedEx CEO Raj Subramaniam told CNBC late Thursday that...

the global economy is likely to slow down