"Market Movers: FedEx Soars, Tesla Skids, Nike Warns"

Dow Jones futures, S&P 500 futures, and Nasdaq futures edged lower, with FedEx set to break out on strong earnings while Tesla, Lululemon Athletica, and Nike retreated. Tesla stock fell on reports of production cuts at its Shanghai plant, signaling weaker demand in China and sluggish sales in Europe and other key markets. The major indexes hit record highs on Thursday, but came off highs, especially the Nasdaq, with a number of stocks flashing buy signals. FedEx stock surged on strong earnings and guidance, while Lululemon and Nike skidded on weak outlooks.