Dow Slips From Highs As Nike Drags on Earnings; FedEx Jumps on Buyback News

• Dow retreats from record highs on weakness in Nike shares after earnings disappointment • Nike beat expectations but sales in China and Europe fell short; stock drops nearly 7% • FedEx shares surge over 7% following earnings beat and new $5 billion buyback announcement • Major indexes post 2-3% weekly gains thanks to Fed's dovish rate cut outlook • Key economic data ahead PCE inflation on Friday and Powell speech to provide more guidance