Nike Shares Plunge Amid Economic Uncertainty

Nikes shares plummeted by nearly four percent today, following a weak consumer spending report and a gloomy consumer sentiment index. The broader economic picture also showed signs of caution with slower-than-expected growth in new orders for factory goods. Despite Nikes stock typically being less volatile, todays drop suggests investors are concerned about the overall economic outlook.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.