Nike reported first-quarter revenue of 112.1亿美元, down 4.3% year over year, missing analysts’ expectations. The company’s full-year revenue guidance also fell short of what the market had anticipated, sending the stock down as much as 9% in premarket trading. Nike has set a 25亿美元 cost-savings goal under its restructuring plan, but some market views suggest the target could be higher even as key categories perform strongly.

S&P Dow Jones Indices said it will remove Nike from the S&P 100 before trading begins on September 21. Nike’s shares have recently traded around $36, leaving it the smallest-weight component in the price-weighted Dow Jones Industrial Average. Goldman Sachs, the Dow’s highest-weighted stock, has traded around $968—about 27 times Nike’s price. CEO Elliott Hill said on a June earnings call that the company is operating in a tougher macro environment with rising pressure on consumer traffic and discretionary spending.

Dell Technologies reported second-quarter revenue of US$47 billion, up 58% year on year and above market expectations. The company raised its full-year revenue forecast to US$192 billion and lifted its adjusted earnings-per-share target to US$25.50. Dell said AI-optimized server orders reached a record US$60 billion and backlog hit a record US$95 billion.

Open interest in raw and refined sugar futures hit 2.3 million contracts on Friday, topping the previous high set in February 2010, ICE data show. An ICE executive said shifting supply-demand balances and a forecast for a strong El Niño through January 2027 have added uncertainty to supply expectations, prompting hedging across the curve. The U.S. Climate Prediction Center put the probability of a very strong El Niño at 90%, while funds recorded net inflows of a record US$2.5 billion into raw sugar contracts over the same period.

Barrick Mining said second-quarter net profit rose to C$1.22 billion as higher gold prices offset rising costs. The miner realized an average gold price of $4,417 per ounce, up 34% from a year earlier, while output was flat at 796,000 ounces. Barrick also reached a $1.95 billion agreement with Newmont to resolve disputes over Nevada Gold Mines, clearing the way for a planned IPO of its North American gold assets.

Uber said its forecast for current-quarter adjusted earnings is below market expectations, citing foreign exchange headwinds that it expects will trim bookings growth. The company reiterated plans to invest heavily in robotaxis and acquisitions, after announcing a US$14.8billion deal for Delivery Hero last month to be funded with existing liquidity and debt. Uber shares fell about 3 per cent in premarket trading following the update.

Merck reported second-quarter revenue of US$16.61 billion, up 5% year on year and above the US$16.36 billion analysts expected, with Keytruda sales rising 5% to US$8.37 billion. The company posted a quarterly loss of 13 cents per share after a US$2.31 per share charge tied to its acquisition of Terns Pharmaceuticals. Animal health revenue rose 8% to US$1.78 billion, slightly ahead of expectations.

Caterpillar raised its 2026 revenue growth target after reporting second-quarter revenue of US$20.54 billion, up 24% year on year. Adjusted earnings came in at US$8.17 per share, well above the market expectation of US$6.20 per share, while its order backlog hit a record US$72.1 billion and North America construction equipment revenue jumped 50%. As a S&P 500 constituent and an industrial bellwether, the results reinforced optimism around economic resilience and the earnings outlook for cyclical stocks, indirectly supporting the S&P 500 index.

Enbridge reported second-quarter adjusted earnings of 63 Canadian cents per share, beating the 59 Canadian cents analysts had expected. Adjusted core profit from its Mainline system rose to C$1.57 billion, up 4.7% from a year earlier. Mainline is North America’s largest crude oil pipeline system, moving nearly half of the crude in the United States while also transporting natural gas liquids and refined products from Edmonton, Alberta, to markets in Canada and the U.S. Midwest.