5 things to know before the stock market opens Friday

that it's overwhelmed with products from multiple seasons because of supply chain problems. Some shipments intended for earlier seasons showed up after taking too long, Nike said, while the company is also getting products for the holiday shopping season, which it ordered early to hedge against shipping delays. Overall, the company's inventory jumped 44% in the prior quarter, and by 65% in North America, its largest market.

Ian became a hurricane again after it barreled through Florida and hit the Atlantic Ocean. Now the storm is on, where it's projected to make landfall Friday afternoon. Parts of the state could receive 8 inches of rain while suffering from severe flooding and winds, weather authorities said. Ian has already left a wide path of destruction in Florida, and knocked out powered to millions. President Joe Biden warned of a "substantial loss of life.

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