Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nasdaq Composite hit a record high after disappointing US jobs data
- Lower Treasury yields and oil prices accompanied the rise; Nike shares fell on its forecast
NSE close · Thu, 1 OctNifty 5022,421.95▼ 0.88%Nifty Bank54,450.75▼ 0.33%Midcap 10058,732.00▼ 1.01%Smallcap 25017,589.05▼ 1.18%India VIX14.46▲ 7.19%IT28,304.70▲ 2.17%Auto25,384.95▼ 3.46%Pharma26,311.55▼ 0.48%FMCG43,789.85▼ 1.61%Metal12,460.70▼ 2.35%Realty835.00▼ 1.46%Energy36,388.15▼ 0.68%PSU Bank7,937.80▼ 0.98%Financials24,556.10▼ 0.38%Media1,546.30▼ 2.33%Defence9,142.55▼ 1.45%Durables35,927.80▼ 1.91%Biggest movesMONEYVIEW▲ 58.5%MOLBIO▲ 15.6%THOMASCOTT▲ 12.3%AUGMONT▲ 10.0%HEROMOTORS▲ 10.0%VIVIANA▲ 10.0%LOKESHMACH▲ 9.5%ANAWIL▼ 11.0%
Company
Nike▲ +44% net tone today
- Nike plans job cuts and an India campus as China sales fell 26% in the first quarter
- Nike has struggled in China and with its sneaker business
- Nike was expected to post another quarter of declining sales
Stories per day
027 Sept
028 Sept
029 Sept
030 Sept
21 Oct
62 Oct
03 Oct
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Nike restructuring plan: World's largest footwear major announces job cuts, targets $2.5 billion savings
- Nike’s “Pace” restructuring will change its organisation, supply chain and global operating model
- Nike targets $2.5 billion in savings; details of the plan remain undisclosed
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Nike's struggles test investor confidence in CEO Hill's turnaround effort
- Nike’s challenges under CEO Elliott Hill are testing investor confidence in his turnaround effort
