Nike plunges 10% as China weakness, a weaker revenue outlook, job cuts and a global business shake-up weigh on investor sentiment.
AI and chip leaders are supporting the major indexes, while higher yields and oil prices keep pressure on cyclical stocks ahead of Q3 earnings.
Weak US job growth has fueled expectations that the Federal Reserve may keep interest rates on hold as the labor market shows signs of cooling.
Higher oil prices have fueled inflation concerns, but fresh jobs data has sharply reduced expectations of another Fed rate hike this month to 14%.
A five-week global bond rout pushes US Treasury yields to more than two-decade highs, raising concerns about higher borrowing costs and pressure on stocks.
More Gulf supplies and proposed EU and G7 emergency stock releases are putting downward pressure on the oil market as governments move to bolster fuel availability.
Brent crude nears $100 as Middle East tensions trigger a sharp price surge, while possible EU fuel-stock releases help push prices lower.
