Inflation Appears To Be Setting The Tone For Stocks Going Forward
Nike (NYSE: NKE) was trading down 5% in pre-market action after reporting lower than expected revenues last quarter and slashed its revenue projections. The company cited high demand for its athletic gear, but the broken supply chain is giving Nike issues in Vietnam and Indonesia.
Friday’s Market Minute: Takeaways From Another Volatile Earnings Season
For many, Nike’s (NYSE: NKE) quarterly report means the unofficial end to earnings season. While bank earnings are now only a few weeks away, marking the start to the third-quarter reports, the second quarter was one worth noting.
Chinese Real Estate Giant Evergrande Expected To Pay Off Some Debt
Wall Street got some clarification from the Fed yesterday after a long wait, which helps explain why major indices are painted green this morning. The Fed basically said the economy is doing better, and that’s good to hear.
S&P 500 Futures Pullback From 4,400 Level As Fed Chair Jay Powell Begins Press Conference
https://www.federalreserve.gov/newsevents.htm
Major Indices Fall On Chinese Real Estate Debt: Eyes Are On Fed
It was “manic Monday” on Wall Street.