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Good morning. Today is Friday, September 30th, and I'm your host Julie Morgan.

Our top stories.

Nike, Meta Platforms, Peloton, Rite Aid, PepsiCo, Pepson, and Google.

Despite a partial rebound in the final stages of trading,

the major US equity averages

finished notably lower on Thursday.

The NASDAQ ended down 2.8%. The S&P 500 closed down 2.1% and the Dow

finished down 1.5%. All 11 S&P sectors finished in the red. Utilities led the retreat dropping more than 4%.

Consumer discretionary was another notable loser, falling by 3%. Energy was the best performer,

although it still posted a fractional loss.

The U.S. 10-year Treasury yields climb five basis points to 3.76%.

The U.S. 2- year yield rose 8 basis points to 4.17%.

Turning to the labor market, initial jobless claims hit an 8 month low as claims dropped

by 16,000 to 193,000 compared to the

forecasted 218,000 figure that was projected. In our day watch is a notable new low.

Peloton dropped another 14% on Thursday to record a new 52 week low.

The decline came amid a new partnership with Dick's Sporting Goods,

which will see the Sporting Goods retailer selling Peton products in its stores.

The stock plunged to an intra-day 52-week low of $6.82.

Shares trimmed their losses later in the session,

...