While you were sleeping: Nike outlook misses

Wed, 23 Mar 2016

By Margreet Dietz March 24 (BusinessDesk) - Wall Street slid as Nike predicted slower-than-expected sales growth, fuelling concern about the company’s profit outlook, while energy stocks declined with the price of oil. In New York trading at 1.10pm, the Dow Jones Industrial Average fell 0.09 percent, while the Nasdaq Composite dropped 0.71 percent. In New York trading at 12.55pm, the Standard & Poor’s 500 Index declined 0.32 percent. The Dow fell as slides in shares of Nike and those of Chevron, last down 2.9 percent and 1.8 percent w...

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