News Formal

Stock Futures Slip as Middle East Tensions Rise and Nike Shares React to Mixed Earnings

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Business News

STOCK MARKET,TECHNOLOGY,NIKE EARNINGS

U.S. stock futures dipped overnight as investors grappled with escalating tensions in the Middle East and Nike's mixed first-quarter earnings report. Tech stocks led the declines, while concerns about a potential wider conflict in the region overshadowed hopes for an economic rebound.

Stock futures slipped in overnight trading following a sour start to the new trading month and final quarter of 2024.ahead of its CEO change. Elliott Hill will take the helm at Nike on Oct. 14. Fiscal first-quarter earnings at the apparel company topped Wall Street's estimates, but revenue missed the mark.would impact markets and potential economic growth, but those worries quickly moved to the Middle East," said Ryan Detrick, chief market strategist at LPL Financial.

Technology was the worst-performing sector Tuesday. The S&P 500's information technology sector shed 2.7% and registered its worst session in nearly a month, led to the downside by megacaps such asAhead of Friday's keynote September jobs report, Wall Street on Wednesday will gain insight into the state of private payrolls with ADP's Employment Survey.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500 closes lower as rising Middle East tensions weighStock market today: S&P 500 closes lower as rising Middle East tensions weigh
Source: Investingcom - 🏆 450. / 53 Read more »

Nike stock pulls back as Wall Street has low expectations for Tuesday earningsThe market isn’t expecting much from Nike’s (NKE) August quarter when it reports after the close on Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »