The iconic sports apparel and accessories brand has struggled in recent years due to a miscalculated shift away from multi-brand retailers and rising competition from emerging brands.
Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump‘s latest move on auto tariffs.
U.S. stocks decline on renewed tariff concerns, technology shares lead selloff while blue-chip stocks are more resilient. VIX jumps 8%, dollar and Treasury yields remain flat.
Wall Street’s recovery from its recent technical correction paused for a breather on Tuesday, as investors awaited more clarity on tariff developments and digested a downbeat consumer confidence report.
The market narrative for the first trading day of a new week was set very early on today: Trump suggested his formerly draconian tariff policy on virtually all U.S. trading partners would not be as harsh on April 2nd as previously advertised.
Wall Street soared Monday, kicking off the week in full risk-on mode as investors welcomed signs of easing trade tensions and stronger-than-expected economic data.
Bernstein, Morgan Staley, and JP Morgan, among others, cut their PTs on the stock after Nike last week said its fourth-quarter revenue could fall more than Wall Street’s expectations
Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
Risk sentiment shows signs of recovery by midday trading in New York, as investors anxiously await the Federal Open Market Committee (FOMC) meeting at 2:00 p.m., hoping that Federal Reserve Chair Jerome Powell will offer reassuring remarks on the strength of the economy.
Stocks were little moved during midday Monday trading in New York, as a mixed retail sales report failed to generate a bullish response from investors.
Analysts expect an 11.4% drop in third-quarter sales — the worst decline in the last five quarters — and a 70.6% drop in EPS, according to Koyfin data.
