Stock futures are rising after a weaker-than-expected September jobs report, increasing the likelihood that the Federal Reserve will keep interest rates steady at its October meeting. Nike shares plummeted 8% after missing revenue targets and issuing a light sales forecast for fiscal 2027. Morgan Stanley reinstated Nvidia as its top semiconductor pick, while Amazon plans to invest $8 billion in Nvidia Grace Blackwell chips and Broadcom’s bankers arrange a $60 billion financing facility for Anthropic. Among other watched stocks, Boeing averted a potential strike after its white-collar union approved a new contract, and Seagate and Western Digital fell more than 11% and 8% respectively following Toshiba’s announcement of a $380 million investment to double its AI hard disk drive production capacity.
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