Morgans AM: Monday 3 October, 2022 by Morgans Financial Limited published on 2022-10-02T22:55:02Z US equity markets retreated to cap their worst September performance since 2008 and logging their third straight quarterly decline as assertive Federal Reserve action pushed Treasury yields and the dollar higher- Dow dropped -500-points or -1.71% to 28,725.51, settling below <29,000 for the first time since November 2020. Nike Inc dropped -12.81% following the release of the athletic apparel giant’s fiscal first quarter result that raised concerns about margins (amid pressure from higher freight costs, merchandise markdowns and the effects of a tougher foreign-exchange backdrop) and inventory. Genre Business