<\/p>\n
This live blog is refreshed throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here.<\/p>\n
Happy Thursday. Stock futures were mixed and oil prices were rising on the first day of October as Treasury yields surged to their highest levels in more than two decades.<\/p>\n
The 10-year U.S. Treasury yield rose 4 basis points to 5.3338% on Thursday, according to LSEG data, reaching its highest level since April 2002. The 30-year yield rose 3 basis points to 5.6702%, its highest level since July 2002.<\/p>\n
Nike (NKE) is scheduled to report earnings today after the bell. The sports apparel and equipment giant is in the midst of a turnaround under CEO Elliott Hill, who returned to Nike after more than three decades with the company. <\/p>\n
Shares were down 0.42% in early trading and the stock is down 44% year-to-date.<\/p>\n
Markets finished mixed on Wednesday, with the S&P 500 ending lower even after new U.S. economic data showed inflation slowed last month.<\/p>\n
“Wall Street traded in a mixed fashion again as highly anticipated US PCE Index data proved more noise than signal, with methodological changes leading to a drop in measured core inflation last month,” said Kyle Rodda, senior financial market analyst at Capital.com.<\/p>\n
“There was the typical knee-jerk reaction in markets in response to an annual core PCE Index read of 3% – a number that undershot significantly the 3.3% forecast,” he added.<\/p>\n
“But it proved to be all technical in nature, arguably leaving the markets in a greater state of uncertainty than before the release.”<\/p>\n
Rodda said the data leaves policymakers in a position of having to navigate a complex macroeconomic environment with increasingly unreliable data, as market signals point to inflation that’s very slightly slipping from central banker control.<\/p>\n
#Stock #Market #Today #Oct #Nasdaq #futures #inches #higher #Treasury #yields #surge<\/p>\n","protected":false},"excerpt":{"rendered":"
This live blog is refreshed throughout the day with the latest updates from the market. To find the latest Stock…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[259],"tags":[1149,1413,9819,33,2276,21786,91,1495,4679,4192,1700],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/17297"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17297"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/17297\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}