U.S. stock futures are pointing lower following Tuesday's rough start to the fourth quarter; Nike (NKE) shares are declining after it pulled its full-year outlook before its new CEO takes the helm; Apple (AAPL) reportedly may announce a ꧂new low-end phone early next year;﷽ private sector payroll data for September comes ahead of Friday's highly anticipated jobs report; and the massive U.S. dockworkers' strike enters its second day. Here's what investors need to know today.

1. US Stock Futures Tick Lower Afteওr Poor Q4 Start

U.S. stock futures are edging lower Wednesday, a day after a rough start to Q4 trading amid continuing conflict in the Middle East and a dockworkers' strike stretching from Maine to Texas. 澳洲幸运5官方开奖结果体彩网:Stocks fell on Tuesday, led by a 1.5% decline in the Nasdaq, retreating from recent record highs as technology stocks tumbled. The 澳洲幸运5官方开奖结果体彩网:S&P 500, which fell 0.9%, had gained 21% over the first three q💮uarte💎rs, its best start to a year so far this century.

2. Nike Stoc🌃k Siꦐnks After Declining Results, Pulled Outlook

Nike (NKE) shares are tumbling 7% in premarket trading after the sneaker giant 澳洲幸运5官方开奖结果体彩网:withdrew its full-year outlook as new 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Elliott Hill prepares to take over leadership of the company later this month. While Nike's profit was better than analysts were anticipating, the 澳洲幸运5官方开奖结果体彩网:results were still 28% lower than last yꦿear's first quarter, and its revenue fell 10% and missed estimates.

꧃3. Apple May Announce New Low-End Phone, Report Says

Apple (AAPL) reportedly is planning to announce a new low-end phone early next year, coming on the heels of its recent release of the iPhone 16. Among the changes, the new iPhone SE model would eliminate the device's home button, Bloomberg said. The development comes amid a roller-coaster week for the tech firm, whose shares had been trading near record highs but declined nearly 3% yesterday after Barclays warned that 澳洲幸运5官方开奖结果体彩网:demand ജfor the iPhone 16♊ could be subdued🀅. Apple shares are down a further ꦇ0.5% in premarket trading.

4. Private Sector Payroll Data Due

Investors will be eyeing today's release of the 澳洲幸运5官方开奖结果体彩网:ADP Employment Report as the private sector payroll data comes two days ahead of a closely watched jobs report. The ADP data is expected to show that private employers added 128,000 jobs in September, according to economists surveyed by The Wall Street Journal and Dow Jones Newswires, up from the 澳洲幸运5官方开奖结果体彩网:99,000 added in August. Friday's jobs report by the Bureau of Labor Statistics 澳洲幸运5官方开奖结果体彩网:will be the first since the 澳洲幸运5官方开奖结果体彩网:Federal Reserve cut interest rates for the 澳洲幸运5官方开奖结果体彩网:first time in four years, with today's ADP report and tomorrow's ꦇweekly initial jobless claims numbers setting the stage for that release.

5. Dockworkers' Strike Enters Second Day as Biden Declines to Intervene

A 澳洲幸运5官方开奖结果体彩网:labor strike by U.S. dockworkers continued early Wednesday as President Joe Biden said he would not intervene to end the work stoppage. The strike began at midnight Tuesday after members of the International Longshoremen's Association walked off the job at U.S. ports on the East and Gulf Coasts. The strike could 澳洲幸运5官方开奖结果体彩网:cost the economy up to $4.5 bi🌳llion per day, according to estimates from JPMorgan.