Wall Street nudged higher in early trading Friday as markets try to close out another record-setting week with gains.

Futures for the S&P 500 and Nasdaq each rose 0.1% before the bell, while futures for the Dow Jones Industrial Average were flat.

FedEx initially jumped more than 5% after it posted better first-quarter profit and revenue than Wall Street forecast, but then lost most of those of gains.

The package delivery company's results, which has been dealing with declining revenue since the pandemic boom of 2021 and 2022, said it expects 4% to 6% revenue growth for the current fiscal year.

However, executives said the company expects to take a $1 billion hit to its full-year operating margin due to the “global trade environment,” or tariffs.

Among the decliners in premarket tradin

See Full Page