US stocks (^DJI, ^IXIC, ^GSPC) opened in negative territory, just one morning after the market rallied on the Federal Reserve's interest rate cut cycle and the S&P 500 and Dow Jones Industrial Average notched new record highs. Takeaways Stock futures (ES=F, NQ=F, YM=F) are flat after the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) rallied and closed at new record highs in Thursday's session. Nike (NKE) CEO John Donahoe is stepping down to be replaced as president and chief executive by Elliott Hill. Apple's (AAPL) new iPhone 16 officially goes on sale at retailers and Apple Store locations. Yahoo Finance's flagship show, Morning Brief, is the ultimate guide to making smarter portfolio decisions. Find this and other episodes of Morning Brief here. Thoughts? Questions? Fan mail? Email us at [email protected]. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices