It was another tough day for the markets. Bad news on the inflation front got the week off to a bad start,  and it was capped off by missed revenue and profits by FedEx, which is widely viewed as a bellwether on the economy. 

The negative market sentiment overshadowed one positive analyst comment on Palo Alto Networks (NASDAQ: PANW). MKM Partners started coverage of the stock with a buy rating and a $250 price target. The news wasn't enough to lift the stock, which was down 4% as of 1:20 p.m. ET on Friday.

FedEx announced weak results for its latest quarter, which raised investor fears that the economy is rolling over into a recession. The company said results were "adversely impacted by global volume softness that accelerated in the final weeks of the quarter." This echoes results from top retailers, such as Walmart, that noted weak consumer purchasing behavior in its last earnings report. 

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Source Fool.com