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- Editor's PickYahoo Finance
7 of the biggest reasons why the stock market is having a dreadful September
Here's really why stocks are losing a ton of steam right now.
- Reuters
US STOCKS-Nike set to lift S&P 500, Dow ahead of business activity data
The S&P 500 and the Dow were set for a higher open on Wednesday ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike was set for a record open after a stunning quarterly earnings report. Shares of the world's largest athletic shoe maker surged 12.4% in premarket trading as its digital sales, especially in North America, helped offset a fall in sales at traditional brick-and-mortar stores.
- Reuters
US STOCKS-Futures rise ahead of business activity data; Nike shines
U.S. stock index futures rose on Wednesday ahead of data that would throw light on the pace of an economic recovery from a coronavirus-driven recession, while Nike was set for a record open after a stunning quarterly earnings report. The Dow constituent was set to drive the blue-chip index higher for a second straight day, clawing back more of the sharp declines from Monday that were driven by fears of another round of lockdowns to contain a global surge in COVID-19 cases. Doubts about more U.S. fiscal stimulus and growing political uncertainty in the run-up to the Nov. 3 presidential elections have also kept investors from making big stock market bets.
