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Posted inMarkets, Companies, Daily Analysis, Earnings Watch, Pre-Market Briefing, Sector -- Consumer

Opening bell, April 1, 2026: NKE craters ~9% at open as S&P 500 rises to 6,574 on Iran ceasefire hopes

Wall Street opened Q2 2026 on a constructive note Wednesday as the S&P 500 rose to approximately 6,574, extending Tuesday’s 2.91% surge. Nike (NKE) was the dominant single-stock mover, tumbling roughly 9% to an intraday low of $47.85 after Q4 guidance called for revenue down 2%–4

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