Stock Futures Rise Amid Oil Price Decline as Nike Shares Plummet

Stock futures are trending upward ahead of Friday's opening bell as oil prices decline and Treasury yields stabilize. The September jobs report is set to be released this morning, with economists predicting a relatively modest 84,000 new jobs added in September, down from August's 182,000. This would keep the unemployment rate steady at 4.1%, which is still considered low by historical standards.

Nike shares are plummeting after the athletic apparel company released a mixed earnings report, forecasting a larger sales decline than analysts had anticipated. The company now expects high-single-digit sales decline in this fiscal year, worse than analysts had predicted. This has led to an over 8% drop in Nike's stock price.

Amazon is reportedly seeking to offload billions of dollars' worth of Nvidia chips from its balance sheet by spinning them off into a special purpose vehicle and leasing them back. This move is part of Amazon's efforts to maintain a more asset-light balance sheet and minimize risk.