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

📆 02/10/2024 01:27:00
📰 NBCPhiladelphia

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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.

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