Wall Street rally fizzles out as Evergrande worries persist; Nike drops

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Wall Street rally fizzles out as Evergrande...
 © CyprusMail 2022
US stock indexes fell on Friday following a two-day rally, weighed down by technology and healthcare shares, while a dour sales forecast from Nike further dampened sentiment.

The sportswear maker’s shares (NKE.N) dropped 6.7 per cent to weigh the most on the Dow and the S&P 500 after it also warned of delays during the holiday shopping season, blaming a supply chain crunch.

Shares of footwear retailer Foot Locker (FL.N) shed 5.7 per cent.

“There is a real risk that companies are going to miss earnings expectations despite there being strong demand for their products and...


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Article automatically added to our system on Saturday, September 25, 2021

Wall Street rally fizzles out as Evergrande worries persist; Nike drops


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Article Tags: #street   #rally   #fizzles   #evergrande   #worries   #persist   #drops  


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