Nike earnings, Carmax reports, Vail Resorts: 3 things to watch -- Stocks were wobbling on Wednesday on investor concerns about the effect of higher for longer interest rates and about what could happen should the federal government shutdown this weekend.

Lawmakers are still unable to hammer out a consensus on how to at least extend funding for short amount of time to keep the government running and give them more time to negotiate a longer-term deal. Congress has until almost midnight on Saturday to get an agreement, or a shutdown could start Sunday. That means the possible furlough of many thousands of federal workers, the closure of federal offices, disruptions to some services, and the possible closure of cultural institutions such as the Smithsonian museums. 

But investors are still focused on interest rates, after the Federal Reserve signaled it sees rates staying higher for longer than anticipated in order to fight inflation. Officials in recent days voiced their support for the Fed's recent decision to hold rates steady but signal another rate hike and then two rate cuts next year, which is half of the cuts they forecast in June.

The Fed wants to get inflation down to its 2% target rate, but higher oil prices and other challenges lie ahead. Student loan repayments resume in October, potentially taking money out of household discretionary spending budgets right before holiday shopping season. 

Here are three things that could affect markets tomorrow:

1. Nike earnings

Athletic apparel maker Nike Inc (NYSE:NKE) is expected to report earnings per share of 75 cents on revenue of $13 billion.

2. Carmax reports

The online used car retailer CarMax Inc (NYSE:KMX) is expected to report earnings per share of 74 cents on revenue of $7 billion.

3. Vail Resorts

Providing a glimpse into travel and luxury trends, Vail Resorts Inc (NYSE:MTN) is expected to report a loss of $3.32 a share on revenue of $282.9 million.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network
  • London Office
    One Financial Markets 

    1 Finsbury Market
    EC2A 2BN
    United Kingdom

    T:  + 44 ( 0 ) 203 857 2000
  • Dubai Office
    One Financial Markets 
    OT19-39 Central Park Tower
    Dubai International Finance Centre
    United Arab Emirates
    T: + 971 44 22 888

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: