The supply chain curse is Nike and Foot Locker

The Standard & Poor’s 500 index closed slightly in bullish Friday after a volatile week as gains in titles in growth like Facebook offset Nike’s decline after the sportswear company announced a negative sales outlook.

Nike shares have formed the greatest pressure on The Dow and the S&P 500 gained after also warning of delays During the holiday shopping season, he experienced a supply chain crisis. Shares of footwear retailer Foot Locker also fell sharply.

Facebook and Tesla were the biggest supporters of the companies’ S&P 500 index, but the energy sector led the gains across sectors.

Based on unofficial data, the Dow Jones Industrial Average rose 34.36 points, or 0.1%, to 34,799.18 points.

The Standard & Poor’s 500 index closed in Up 6.58 points, or 0.15%, to 4455.56 points, and the Nasdaq Composite Index fell 3.94 points, or 0.03%, to 15048.31 points.

Read More About: Business News

Leave a Reply