U.S. Stock Futures Decline Ahead of "Triple Witching":
U.S. stock futures are mostly lower as investors prepare for "triple witching," a day when stock options, index options, and index futures expire, which often increases trading volume and volatility. This follows a record high close for the S&P 500 and Dow Jones yesterday.
Nike Stock Rises with CEO Change:
Nike (NKE) shares are up 5% in premarket trading after the announcement of Elliott Hill as the new CEO, effective October 14, replacing John Donahoe. The company aims to improve after recent disappointing financial results.
FedEx Shares Plummet After Outlook Cut:
FedEx (FDX) shares fell 13% following a fiscal first-quarter report that missed estimates and a reduced full-year outlook, expecting low single-digit revenue growth and lower EPS projections.
Apple Launches iPhone 16 Without AI Features
Apple's (AAPL) iPhone 16 will be available in stores today, but it will not include AI features at launch. Shares are down slightly in premarket trading amid lackluster pre-order feedback.
Warner Music Group Plans Increased Layoffs
Warner Music Group (WMG) announced it will cut about 750 jobs, increasing its layoffs as part of a restructuring to enhance cash flow for its core operations. Shares were inactive in premarket trading, with a 15% decline this year.
U.S. stock futures are mostly lower as investors prepare for "triple witching," a day when stock options, index options, and index futures expire, which often increases trading volume and volatility. This follows a record high close for the S&P 500 and Dow Jones yesterday.
Nike Stock Rises with CEO Change:
Nike (NKE) shares are up 5% in premarket trading after the announcement of Elliott Hill as the new CEO, effective October 14, replacing John Donahoe. The company aims to improve after recent disappointing financial results.
FedEx Shares Plummet After Outlook Cut:
FedEx (FDX) shares fell 13% following a fiscal first-quarter report that missed estimates and a reduced full-year outlook, expecting low single-digit revenue growth and lower EPS projections.
Apple Launches iPhone 16 Without AI Features
Apple's (AAPL) iPhone 16 will be available in stores today, but it will not include AI features at launch. Shares are down slightly in premarket trading amid lackluster pre-order feedback.
Warner Music Group Plans Increased Layoffs
Warner Music Group (WMG) announced it will cut about 750 jobs, increasing its layoffs as part of a restructuring to enhance cash flow for its core operations. Shares were inactive in premarket trading, with a 15% decline this year.