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Benzinga

Business

Henry Khederian

What's Going On With Nike Shares?

NIke US Federal Reserve Nike Inc NKE NYSE Russia

Shares of several companies in the retail & apparel space, including Nike Inc (NYSE:NKE), are trading lower as stocks continue to fall amid concerns over the potential economic impacts of Fed rate hikes and the Russia-Ukraine conflict. Traders also weigh recent earnings reports.

Fed policy outlook, rising Treasury yields and quarterly earnings reports have dragged markets lower in April. Last Tuesday’s session saw a 3-year high of 2.940% for the 10-year note.

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