Accenture jumped 16%, and Nike guided sales down

The ten-year traded up to 5.34% at 10am, which Yahoo put at its highest since 2002, then reversed. It closed down 5bp at 5.24%, and the two-year fell 10bp to 4.78%, and coverage didn't tie the turn to any one headline. Stocks followed the bond market back: down in the morning, the S&P finished up 0.19% and the Nasdaq 100 0.31%. Fed vice chair Philip Jefferson said inflation "remains too high" but that the Fed needs time to assess.

ISM's manufacturing index slipped to 54.5 from 54.6, a ninth month of expansion and a touch under the 55 expected. The prices index jumped 6.8 points to 77.9, close to March's 78.3 at the start of the Iran war, and all six of the biggest manufacturing industries reported paying more. Jobless claims fell 1,000 to 197,000, a fourth straight weekly drop.

Accenture rose 15.78% to $212.30. Fourth-quarter revenue was $18.68bn, up 7% in local currency, above its own guide of $17.75bn to $18.40bn and the roughly $18.05bn expected. EPS was $3.29 against about $3.19, with no adjustments this quarter. Bookings were $22.17bn, a book-to-bill of 1.2. It guided fiscal 2027 revenue up 3% to 6% in local currency and EPS of $14.39 to $14.81, and raised the dividend 5% to $1.71. The stock had fallen roughly 40% this year before its June report, when it cut its forecast on US federal weakness.

Nike is trading lower after hours. First-quarter revenue fell 4% to $11.2bn, against about $11.32bn expected, while EPS of $0.48 came in ahead of roughly $0.44 on a gross margin up 60bp to 42.8%. The guide came in well under: fiscal 2027 revenue down by a high single digit, where the Street had a fall of about 2%, and adjusted EPS of $1.15 to $1.35 against $1.66. Greater China fell 26% in local currency and Converse 28%. It also announced Pace, a restructuring it says saves about $2.5bn by fiscal 2031 for roughly $1bn of charges. Look to the call for when it expects Greater China to stop shrinking.

Chinese refiners suspended October exports of gasoline, diesel and jet fuel, with Beijing issuing no export permits over its week-long national holiday. Reuters reported shipments allowed only to Hong Kong and Macau, and no word on whether permits resume after October 7. WTI was near $92.8 at the settle, up about 2.4%.

Micron rose 3.03% to $1,097.39 in its first session after the beat and raise, with the memory ETF up 2.8%. Alphabet went the other way, giving back 1.70% to $338.24 after its 1.7% after-hours gain on Gemini 4 Argon.