U.S. dock workers start to strike in a walkout that could cripple the U.S. economy; Nike (NKE) is expected to post declining first-quarter results after the bell; U.S. stock futures are mixed to begin the final quarter of the year; CVS Health (CVS) shares are rising in premarket trading as the pharmacy and health care firm reportedly discusses strategic options that include a breakup; and Apple (AAPL) shares are approaching their a♈ll-time high. Here's what investors need to know today.

1. US Dock Workers Start Massive Strike

U.S. dock workers at 14 ports stretching from Maine to Texas handling more than 68% of the country's imports started to strike, hurting most shipments at East and Gulf Coast ports and threatening to accelerate inflation through potentially snarled supply chains. Members of the International Longshoremen's Association (ILA) walked out after the midnight expiration of their contract with the United States Maritime Alliance, which represents large shipping lines. Shares of package delivery giants UPS (UPS) and FedEx (FDX) are 澳洲幸运5官方开奖结果体彩网:extending their gains 🔜on trader expectations air freight deliveries would get a boost.

2. N🦩ike Expected to Report Declining Q1 Results After the Bell

Nike (NKE) is set to 澳洲幸运5官方开奖结果体彩网:report declining fiscal 2025 first-quarter results after the bell, just weeks after 澳洲幸运5官方开奖结果体彩网:announcing a CEO change the sports apparel maker hopes will help it turn around its fortunes. Analysts expect Nike's quarterly sales and profits to fall year-over-year, with revenue 澳洲幸运5官方开奖结果体彩网:projected to drop about 10% to $11.65 billion and net income to fall by nearly half to $774.65 million. Deutsche Bank analysts said the quarter should be the bottom for Nike's sales decline before a recovery. Nike shares are little changed in premarket trading.

3. US Stock Futures Mixed as Q4 Begins 

US stock futures are mixed at the start of the fourth quarter after the 澳洲幸运5官方开奖结果体彩网:S&P 500 and the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average closed Monday at 澳洲幸运5官方开奖结果体彩网:record highs following Federal Reserve Chair 澳洲幸运5官方开奖结果体彩网:Jerome Powell's comments that the central bank is in 澳洲幸运5官方开奖结果体彩网:no "hurry" to cut interest rates. Powell said rate decisions would be based on incoming data and that the recent 澳洲幸运5官方开奖结果体彩网:jumbo-sized c⛄ut, the first in four years, was aimed at keeping a strong economy on a sure footing.

4. CVS Stock Rises as Pharma Giant🉐 Reportedly Mulls Breakup

CVS Health (CVS) shares are rising 2% in premarket trading as the pharmacy and health care firm reportedly is conducting a strategic review, including a possible breakup. According to Reuters, the 澳洲幸运5官方开奖结果体彩网:struggling company, which has been 澳洲幸运5官方开奖结果体彩网:targeted by activist&n🐼bsp;investors, is considering options include a breakup that would separate its retail and insurance units.

5. Apple Stock Approaches All-Time High

Apple (AAPL) shares are approaching their all-time high after closing up 2.3% Monday as JPMorgan analysts said the initially longer lead times for iPhone Pro models were an "abberation." "Delivery lead times are showing trends which, if continued, will explain the weaker lead times for the Pro models in the initial weeks as only an aberration led by a combination of better supply mix as well as delay in pick up in momentum from higher end consumers awaiting the release of Apple Intelligence," the analysts said, based on the third week of the iPhone 16 orders. Apple stock initially added to yesterday's gains in premarket trading but recently turned slightly lower.