STOCKS | U.S. Stock Market Opens Higher as Nike Shares Plummet

U.S. stock markets opened higher with the Dow Jones Industrial Average rising by 0.57%, the S&P 500 increasing by 0.66%, and the Nasdaq Composite climbing 0.7%. According to Jin10, Nike's shares fell sharply by 12% following the company's unexpected revenue decline forecast for the current quarter. In the energy sector, ExxonMobil and Chevron saw declines of 1.8% and 1.7%, respectively. Meanwhile, Intel's stock rose approximately 3% as the company announced plans to repurchase a 49% stake in its wafer manufacturing joint venture in Ireland.