 Meanwhile, in other economic news, consumer sentiment was down a bit in June. The University of Michigan said that consumers felt confident that inflation would continue to ease, but others did express some concern about the impact of high prices. Shares of Nike saw their biggest drop ever today after the sportswear giant warned on weak revenues in the first quarter and also trimmed its fiscal 2025 forecast. Boeing beginning a round of layoffs in Alabama today. The aerospace giant says it plans to let go of at least 128 workers. The company cites delays as the reason for the layoffs.