Stock futures are little changed following rocky start to October: Live updates

Published On Oct 1, 2024, 6:02 PM

The stock market started October with a rocky session, with futures showing little change as tensions in the Middle East and economic signals weigh heavily on investor sentiment. Major indices, including the Dow Jones, S&P 500, and Nasdaq, experienced declines last session, triggered by increased geopolitical worries and a significant drop in tech stocks like Apple and Nvidia. Nike's shares fell nearly 7% after the company withdrew its full-year guidance, leading to concerns amidst an expected leadership change. Upcoming employment data may also influence market direction.

Stock Forecasts

With Nike's earnings missing revenue expectations and guidance withdrawn, investor confidence in the stock is shaken. Additionally, overall market uncertainty due to geopolitical tensions may lead to continued selling pressure on consumer discretionary stocks.

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