US Stock Futures Slip as Rate Cut Buzz Fades, FedEx Faces Major Decline

U.S. stock index futures edged lower after a record-setting rally, driven by the Federal Reserve’s rate cuts. FedEx’s weak earnings weighed heavily on investor sentiment, adding to concerns about a global economic slowdown. Despite an initial boost from tech stocks, futures indicated cooling optimism as market players awaited key updates from the Bank of Japan. The Dow, S&P 500, and Nasdaq saw slight drops, with mixed reactions to the Fed’s long-term outlook.