Nike's shares fell 12% after cutting guidance. Roaring Kitty's post caused brief volatility in Chewy's stock. The S&P 500 gained slightly.
A trader works on the floor of the New York Stock Exchange during morning trading on March 4, 2024 in New York City.This report is from today's
Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, anticipating a 10% drop in sales for the current quarter. The company cut its guidance as it contends with slower online sales, planned declines in classic footwear franchises, "increased macro uncertainty" in Greater China and "uneven consumer trends" across Nike's markets, finance chief Matthew Friend said on a call with analysts.
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