The Latest Breaking News from NIke

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.19%. Stocks are mildly higher on support from a larger-than-expected...

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.

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.

Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period.