Stock Market Update
02-Oct-26 14:00 ET
Nike a misfit in the DJIA
Dow +225.86
at 51152.33,
Nasdaq +54.04
at 26946.67,
S&P +310.66
at 7977.21
[BRIEFING.COM] The Nasdaq Composite remains the relative leader with a 1.2% gain, while the S&P 500 is up 0.7% and the DJIA is higher by 0.4%. The major averages have seen modest changes since the prior update and remain below their morning highs amid a reversal in the Treasury market.
The 10-year note yield is up four basis points at 5.28%, well above its post-jobs-report low of 5.16%. Treasuries rallied immediately following the report, but the buying did not persist, and yields moved steadily higher across the curve. That reversal has tempered the earlier equity momentum, although growth-oriented shares continue to outperform.
Within the Dow Jones Industrial Average, Cisco (CSCO 111.82, +3.06, +2.81%) is the biggest percentage gainer while NIKE (NKE 33.52, -1.62, -4.62%), after a disappointing FY27 outlook, is the biggest percentage loser. Now trading close to $30.0 per share, there are bound to be questions as to how much longer the stock will be retained in the Dow Jones Industrial Average.
