Stock Market Update
02-Oct-26 12:05 ET
Nike lower after earnings
Dow +171.47
at 51097.94,
Nasdaq +334.73
at 27227.36,
S&P +56.33
at 7722.88
[BRIEFING.COM] The major averages are off their session lows at midday, though the Nasdaq Composite (+1.3% today, +0.5% week-to-date) remains the only major index on pace for a week-to-date gain.
NIKE (NKE 33.20, -1.96, -5.56%) is among the worst-performing S&P 500 components today, falling to fresh decade lows after its Q1 report. While earnings topped expectations, a slight revenue miss and a disappointing FY27 outlook overshadowed the results, as continued weakness across Sportswear, Jordan Brand, and Greater China weighs on the company's turnaround.
The stock is down nearly 50% year-to-date, plunging further below its respective 50-day (38.93) and 200-day (48.71) moving averages.
