Stock Futures Decline Amid Approaching Government Shutdown: Live Updates
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
Stock Market Reaction to Government Shutdown: Stock futures declined as investors brace for a potential U.S. government shutdown, with the Dow Jones Industrial Average futures falling 52 points and S&P and Nasdaq futures slipping about 0.2%. The shutdown could impact key economic data, particularly the Labor Department's jobs report, which is crucial for the Federal Reserve's upcoming decisions.
Nike's Earnings Performance: Nike's shares rose over 4% in after-hours trading following a surprise sales growth in its fiscal first quarter, despite a 31% drop in profits and a decline in gross margin. The company is still working on clearing old inventory, indicating challenges ahead despite the positive sales surprise.
Analyst Views on MDY
Wall Street analysts forecast MDY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MDY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 642.450
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Current: 642.450
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
