The Latest Breaking News from NIke

The Dow Jones was in rally mode near midday Friday, helped by another cool reading on inflation. But a couple of Chinese stocks fell sharply.

Get ready for a promising start as S&P 500 and Nasdaq gear up for a higher open following mild inflation data. Meanwhile, Nike takes a slight dip.

Morning Markets March E-Mini S&P 500 futures (ES H24) are up +0.21%, and March Nasdaq 100 E-Mini futures (NQH2 4) are up +0.26%. Stock index futures this morning are slightly higher on support from a larger-than-expected decline in the U.S. PCE deflator report, which was dovish for Fed policy. T-note...

Nike stock plunged Friday after warning of "softer" revenue, citing weaker consumers. Several peers and rival retail stocks also retreated.

The Dow Jones Industrial Average rose Friday after key inflation data. Nike stock plunged 12% on weak revenue guidance.

Nike said it sees weakness in sportswear demand, as well as currency headwinds, for the second half of its financial year.

Stocks are holding on to their longest weekly winning streak since 2017, heading into the final few trading session of the year.

March S&P 500 E-Mini futures (ESH24) are trending down -0.07% this morning as investors braced for a flurry of U.S. economic data, with a particular focus on the Federal Reserve’s preferred inflation metric.

US sportswear brand announces job cuts and simplification of product ranges in ‘streamlining’ of operations

Nike's shares stumble as lackluster consumer spending forces the company to revise its forecast, leaving investors uneasy. Will they bounce back?

Nike trimmed its annual sales forecast, and also announced that it wants to cut $2 billion in costs over the next three years.