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More Record Closing Highs as Fed Government May Be Closing
ZACKSยท 2025-09-30 23:26
Group 1: Market Performance - Three of the four top market indexes reached new all-time closing highs, driven by enthusiasm for AI, with NVIDIA achieving a market capitalization of $4.5 trillion [1] - The Dow increased by 81 points, the S&P 500 by 27 points, the Nasdaq by 68 points, and the Russell 2000 gained 1.6 points [1] Group 2: NIKE's Q1 Earnings - NIKE reported fiscal Q1 earnings of 49 cents per share, exceeding expectations of 27 cents, although down from 70 cents per share a year ago [2] - Revenues grew by 1% year-over-year to $11.7 billion, contrasting with an expected contraction of nearly 5% for the quarter [2] - The North American market saw a revenue growth of 4%, outperforming projections, while Mainland China grew by 9% [3] Group 3: Economic Indicators - The Job Openings and Labor Turnover Survey (JOLTS) for August reported 7.23 million job openings, surpassing the expected 7.1 million [4] - The Leisure & Hospitality sector had the highest number of open jobs at 97,000, while Construction saw a decrease of 115,000 job openings [5] - Consumer Confidence for September was reported at 94.2, below the expected 96.0, indicating potential recessionary expectations [9]