Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Indexes
  3. United States
  4. USA
  5. S&P 500
  6. News
  7. Summary
    SP500   US78378X1072

S&P 500

SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Nike shares hit record high on strong outlook

06/25/2021 | 12:06pm EDT

Shares of Nike sprinted to hit an all-time high Friday, jumping 15% in early trading. Investors scooped up shares after the sportswear giant bullishly forecast that full-year sales would top $50 billion.

Nike's quarterly revenue also nearly doubled, and profit crushed analysts' estimates. The strong results assuaged investors who were worried about its weak performance in the fast-growing China market, where sales were hit by calls to boycott global brands for their comments around forced labor in Xinjiang.

Pent-up demand from American and European shoppers more than made up for weak China sales. Consumers are back to snapping up sneakers as they head outdoors and return to their routines, thanks to an aggressive vaccination campaign.

Back on Wall Street, Nike's results also pumped up shares of retailer Foot Locker. In Germany, shares of rivals, Adidas and Puma, rose, too.

ę Reuters 2021
All news about S&P 500
09/24Communications Services Up On Deal Hopes -- Communications Services Roundup
09/24US Stocks Post Third Straight Daily Gain as New Home Sales, Bond Yields Rise
09/24CLOSE UPDATE : US Stocks Post Third Straight Daily Gain as New Home Sales, Bond Yields Ris..
09/24S&P 500 Posts 0.5% Weekly Gain, Led by Energy, Financials, Technology; Real Estate, Uti..
09/24US Stocks Post Third Straight Daily Gains as New Home Sales, Bond Yields Rise
09/24US Oil Rig Count Rises by 10 This Week, Baker Hughes Says
09/24INNOVAGE : Shares Rise in Afternoon Trading Amid Heavy Volume
09/242Q GDP Still Seen +6.6% -- Data Week Ahead
09/24CHINA EVERGRANDE NEW ENERGY VEHICLE : Evergrande misses payment deadline, EV unit warns of..
09/24U.S. new home sales beat expectations; supply near 13-year high
More news
Chart S&P 500
Duration : Period :
S&P 500 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends S&P 500
Short TermMid-TermLong Term
Heatmap :