Market Analysis
Despite the lackluster performance on Friday, the S&P 500 rallied throughout the week, buoyed by positive economic data and strong corporate earnings reports. Investors were also optimistic about progress in trade talks between the U.S. and China.
Nike, the global sportswear giant, made a bold statement today as it addressed flaws in its direct-to-consumer (DTC) strategy. The move comes as the company reports flat revenues for the third quarter of the fiscal year.
The stock futures for today appear to be flat, with no significant change from yesterday’s closing values. This comes after the Dow Jones Industrial Average achieved its ninth consecutive winning session. Here are the live updates on the market trends and noteworthy events to keep an eye on:
Stock futures are showing little movement as Monday evening trading approaches. Despite positive economic data and the anticipation of an impressive corporate earnings season, investors appear to be cautious amid ongoing concerns about the global supply chain and rising inflation.
