US equity markets retreated to cap their worst September performance since 2008 and logging their third straight quarterly decline as assertive Federal Reserve action pushed Treasury yields and the dollar higher- Dow dropped -500-points or -1.71% to 28,725.51, settling below <29,000 for the first time since November 2020. Nike Inc dropped -12.81% following the release of the athletic apparel giant’s fiscal first quarter result that raised concerns about margins (amid pressure from higher freight costs, merchandise markdowns and the effects of a tougher foreign-exchange backdrop) and inventory.
