Stock Market Today: Nike, Eli Lily surge; Robinhood slips
NIKENIKE(US:NKE) Yahoo Finance·2025-10-02 00:05

Market Overview - The government shutdown began on October 1, 2025, after Congress failed to reach a consensus, yet the stock market remains optimistic with a positive start for October [1] - The S&P 500 index increased by 0.34%, reaching a 52-week high, while the Dow Jones Industrial Average rose by 0.1%, the Nasdaq Composite by 0.42%, and the Russell 2000 by 0.4% [7] Treasury Yield and Economic Impact - The 10-year Treasury yield experienced a slight dip of 0.033% following the government shutdown, with potential long-term impacts on the market if the shutdown persists [2] - Jobs data from the Department of Labor is delayed due to the shutdown, which could affect market sentiment [2] Company Performances - Nike's stock rose by 6.4% after its Q1 2026 earnings report exceeded expectations, closing at $74.20, although it is down 2.37% year-to-date [4][10] - Eli Lilly's stock increased by 8.2% due to optimism surrounding a deal with Pfizer for cheaper medicines [4] - Reddit's stock declined by 11.9% amid competition from ChatGPT [4] Notable Stock Movements - The top five S&P 500 stocks with significant gains include AES Corp (+16.8%), Biogen Inc (+10.1%), Thermo Fisher (+9.4%), Super Micro Computer (+9.3%), and Charles River Laboratories (+8.9%) [8] - Other notable stocks include Corteva Inc (-9.1%), News Corp Class B (-6%), and Pfizer (-6.8%) [12]