Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note.
Amid CEO Shakeup and Stock Slump, Wall Street Is Still Bullish on Nike
The hedge fund billionaire Bill Ackman has bet big on the iconic American brand. His firm, Pershing Square, acquired three million shares, or 0.2 percent, of Nike this spring. His stake is currently worth about $250 million.
Stock Market Today: Dow gives up slight gain Friday, but still up for the week following Fed rate cut
Shares of Nike Inc. climbed 6% Friday after the sneaker and sportswear giant announced a change in CEO. But analysts say the incoming chief executive, company veteran Elliott Hill, has his work cut out.
Stock market today: Dow ekes out another record amid winning week for stocks
US stocks closed the session mixed on Friday, with the Dow Jones Industrial Average ( ^DJI) eking out another record to close above 42,000 again. The S&P 500 ( ^GSPC) closed down 0.2%, just off its all-time closing high.
Stock market today: Wall Street inches lower in premarket Friday as rate cut-fueled rally fades
Wall Street pointed lower as a rally driven by the Federal Reserve’s big cut to interest rates faded and markets’ focus turned to earnings and other corporate news
Stock market today: Wall Street poised to break records after Fed's first rate cut in over 4 years
Markets on Wall Street were positioned to open at record highs Thursday after the Federal Reserve issued a bigger-than-usual interest rate cut intended to fortify a cooling labor market and prevent a recession.
Stock market today: S&P 500, Dow back away from records as Fed cheer fizzles
The S&P 500 ( ^GSPC) fell roughly 0.2% after the benchmark index ended at an all-time high. The Dow Jones Industrial Average ( ^DJI) traded slightly lower on the heels of notching its own record close. Leading the way lower, contracts on the tech-heavy Nasdaq Composite ( ^IXIC) dropped 0.3%.
Stock market today: Wall Street drifts near its records as FedEx slumps and Nike sprints higher
Wall Street is quieter, and U.S. stocks are drifting after they leaped to records the day before during a worldwide rally. The S&P 500 slipped 0.1% in early Friday trading
Stock market today: Wall Street rises toward records as jubilation sweeps markets worldwide
Wall Street is rising toward records as a delayed jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.5% higher in midday
Stock market today: Wall Street joins a global market rally after the Fed's big rate cut
Wall Street is roaring toward records as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.6% higher
Stock market today: Wall Street wavers a day after setting record highs
U.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally
Why Nike Stock Is Running Higher Friday
But Nike shares are running higher today. After jumping nearly 9% Friday morning, as of 10:35 a.m. ET, the stock was still ...
Analysts revisit Nike stock price targets after major CEO shakeup
Nike shares powered firmly higher in early Friday trading as analysts and investors reacted to the sportswear giant's move to ...
Stock Market Today: Stocks Close Out Fed Week on a Quiet Note
Stocks were choppy Friday as market participants took a breather following Thursday's Fed-fueled rally. While buzz continued ...
Stock Of The Day: Here's Why The Nike Rally Stalled Out
Shares of NIKE (NKE) hit resistance at a price level that had been support. Support can convert into resistance because of ...
Stock Market News: Dow Turns Higher After Dovish Comments From Fed's Waller
Stocks looked set to tick lower on Friday, with S&P 500 and Dow futures pointing to both gauges edging away from the record levels they'd set in the previous trading session.
Nike Stock Rallies on CEO Switch: What to Know
Nike stock is higher Friday after the embattled retailer announced a 32-year company veteran will return as its incoming CEO.
Nike stock jumps after hours on news that CEO John Donahoe is being replaced by company veteran Elliott Hill
Nike Inc stock price jumped in after-hours trading Thursday on news that CEO John Donahoe is retiring and will be replaced by ...
Nike is getting a new CEO as struggles mount
The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a ...