U.S. Stock Futures Decline Following FedEx Earnings

U.S. stock index futures are down as disappointing earnings from FedEx, which plunged over 13% after cutting its full-year guidance, dampen investor optimism following the Federal Reserve's recent rate cut. Despite a rally that led major indexes, including the S&P 500 and Dow, to new all-time highs, futures show signs of a pullback ahead of a significant options expiration event. Wall Street had seen a bullish trend driven by tech stocks like Tesla and Apple, which also experienced gains, but broader market sentiment has shifted due to FedEx's results. Economic indicators, including a rise in the Philadelphia Fed manufacturing index, had previously supported a positive outlook. Investors are preparing for potential volatility from the upcoming triple witching event, where $4.5 trillion in options will expire. Analysts maintain that the S&P 500's overall trend remains bullish, despite the current bearish sentiment fueled by FedEx's performance.