GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. It's also April Fools' Day, so be wary of those too-good-to-be-true company announcements today. Stock futures are rising this morning. The three major indexes staged a big rally yesterday, ending their tough month and quarter on a high note. Here are five key things investors need to know to start the trading day:
1. Out like a lamb
Traders work at the New York Stock Exchange on March 26, 2026. NYSE
2. Marathon, not a sprint
A man walks near the Nike store in Manhattan on March 30, 2026 in New York City. Zamek | View Press | Corbis News | Getty Images
Nike beat Wall Street's top- and bottom-line expectations for its fiscal third quarter yesterday. But investor concerns about its declining sales forecast for the rest of the year weighed on the stock, with shares dropping more than 10% in overnight trading. Revenue from the athletic retailer's North American market grew by 3% in the quarter, just short of analysts' expectations. Nike's China market revenue, meanwhile, shrunk by 7%, though that was still higher than the Street feared. The company expects a 20% decline in its China market during the current quarter. As CNBC's Gabrielle Fonrouge notes, the report comes amid Nike's turnaround plan. CEO Elliott Hill acknowledged in a release that "the pace of progress is different across the portfolio."
3. Voting order
US President Donald Trump speaks to the press after signing an executive order in the Oval Office of the White House in Washington, DC, on March 31, 2026. Brendan Smialowski | AFP | Getty Images
Trump signed an executive order placing limits on mail-in voting yesterday, the White House said, a move that was quickly slammed by voting-rights advocates.
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