Nike's North American sales figures fell short of expectations
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| | 3/22/2019 | |
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Dow Futures Drop After Weak Nike Sales | By Patrick Martin | | Dow Jones Industrial Average (DJI) futures are sharply below fair value this morning, under pressure after retail giant Nike (NKE) reported weaker-than-expected North American sales for its fiscal third quarter. Plus, concerns about slowing global economic growth raised after the Fed meeting earlier this week are being exacerbated today after dismal manufacturing data out of the eurozone. Now, a weekly win for the blue-chip index could be in jeopardy, though the S&P 500 Index (SPX) is likely to just pare its impressive week-to-date gain. Continue reading for more on today's market, including: - Wall Street is a fan of Ford's new CFO choice.
- How options traders doubled their money with YUM stock.
- Analyst: This healthcare stock could double.
- Plus, GameStop gets a new boss; Apple supplier gets a big upgrade; and holiday sales miss buries Tiffany stock.
| >> Continue reading... | |
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