Wall Street was heading for a lower open, with the Nasdaq down for the week. The S&P 500 was on the bubble and the Dow was tracking higher for the week. Club name Microsoft is trying to avoid its longest weekly losing streak since 2008.

President Donald Trump wants the Federal Reserve to cut interest rates. The Fed wants to wait and see Trump's policies. Central bankers held rates steady Wednesday and stayed with projections for two cuts in 2025.

Nike reported a quarterly beat but dismal guidance. There's too much inventory. Where is the creativity here? Like Tesla, portfolio managers can't resist but it is expensive. New CEO Elliott Hill is still finding his way.