Stocks edge higher, jobs data up next, Peloton, Micron, Nike
Stocks edge higher, jobs data up next, Peloton, Micron, Nike
Five things you need to know before the market opens on Thursday September 28:
1. -- Stock Market Today: Jobs data, Powell speech in focus as Treasury yields steady
Stocks are set for a flat open on Wall Street as Treasury yields steady ahead of key jobs data and a speech later today from Fed Chair Jerome Powell.
2. -- Jobs data on deck as inflation fears stoke dollar, Treasury yields
Jobless claims data could be one of the last major releases for weeks if a protracted government shutdown begins on Saturday.
3. -- Peloton stock surges on 5-year content, apparel deal with Lululemon
Peloton will partner with Lululemon on branded exercise apparel and connected fitness content.
4. -- Micron stock slides as wider loss forecast offsets Nvidia deal boost
Micron sees ongoing losses liked to a China ban on chip sales even as it unveiled a developing supply deal with AI leader Nvidia.
5. -- Nike earnings on deck with focus on US consumer demand, profit margins
A gloomy outlook from Foot Locker, as well as ongoing weakness in China, will challenge Nike's near-term sales forecasts.
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