Bull Notes Roll Out for NKE, ABNB

The Dow is just 10 points higher at midday

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Schaeffer's Midday Market Check
10/12/2021
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Benchmarks Muted After Slashed Global Growth Forecast


By: Jake Scott

The major indexes are struggling for direction this afternoon, after fresh data from the U.S. Labor Department showed job openings in August fell sharply to 10.4 million, while workers quit retail and food jobs at record levels. Also weighing on investor sentiment is the International Monetary Fund's (IMF) slashed global growth forecast, which comes amid supply chain and Covid-related issues. The Dow Jones Industrial Average (DJI) is only 10 points higher at midday, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are just below breakeven.

Continue reading for more on today's market, including: 

  • Is now a good time to buy Nike stock?
  • Why this analyst sees more growth for ABNB.
  • Plus, Covid-19 vaccine update boosts biotech stock; RRD soars on buyout offer; and Trex stock extends trough.
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