Stocks Mixed After Records as FedEx Rises on Earnings, Tesla and Lululemon Fall on China Woes

Dow Jones futures edged lower Friday; FedEx stock surged on earnings while Tesla and Lululemon fell on China production cuts and weak outlooks.

Major indexes hit record highs Thursday but came off highs; Apple dragged Nasdaq down but some stocks flashed buy signals.

Tesla cutting production at huge Shanghai plant due to slowing EV demand in China.

FedEx earnings topped views and guidance was strong; stock set to break out.

Lululemon beat but guided low; Nike beat but gave weak outlook, sparking sells-offs for both stocks.