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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nike Inc | NYSE:NKE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
5.39 | 6.66% | 86.37 | 88.00 | 84.805 | 87.85 | 52,390,258 | 00:59:05 |
By Anora Mahmudova, MarketWatch
NEW YORK (MarketWatch) -- The U.S. stock market edged lower on Friday and is set to finish the week with modest losses as escalating violence in Iraq and concerns about slow economic growth in the U.S. weigh on investors.
The S&P 500 and Dow Jones Industrial Average retreated from their record levels reached last week. The S&P 500 (SPX) was off 3 points, or 0.2%, at 1,954.01, on track for a small weekly loss.
The Dow Jones Industrial Average (DJI) slipped 36 points, or 0.2%, to 16,809.98 and was set to end the week lower.
The Nasdaq Composite (RIXF) was 3 points, or 0.1%, lower at 4,375.52 and was set to finish the week roughly where it started.
In Friday's sole release of economic data, consumer sentiment rose to a final June reading of 82.5 from a final May level of 81.9, according to Friday reports on a gauge from the University of Michigan and Thomson Reuters.
Kim Caughey Forrest, senior equity analyst at Fort Pitt Capital, said that despite today's consumer sentiment data, consumers are still squeezed.
"Disappointing numbers from retailers should work as a yellow sign of caution that consumers are not getting better. Until we get wage growth and jobs growth, investors should be cautious about the economy accelerating," Forrest said.
"A lack of good economic and company-specific news on one hand and geopolitical tensions on the other are resulting in the market drifting lower," she added.
Nike Inc.(NKE): The maker of sporting apparel and gear reported stronger-than-expected earnings for the fiscal fourth quarter, as revenue grew across almost all its main markets. Shares rose 2.6%.
Finish Line Inc.(FINL): The sports company posted fiscal first-quarter results that topped forecasts. Shares jumped 3%.
GoPro Inc.(GPRO): The maker of digital sports cameras saw its shares jump more than 30% in its first day of trading, closing at $31.34. Shares were up 4.7%. Read: Is GoPro IPO the next Facebook -- or Twitter? Vote in our poll
Dollar General Corp (DG): The discount store chains said that Chairman and Chief Executive Rick Dreiling plans to retire by next year. Shares fell 5.4%.
The Michaels Cos.(MIK): The arts and crafts retailer is set to begin trading on Friday and has priced its initial public offering at $17 a share. Also read: Mover and Shakers.
In other markets, Asian stocks closed mostly lower, while European benchmarks were mixed and headed for weekly losses. Both oil (CLQ4) and gold prices (GCQ4) ticked up, while the dollar (DXY) moved lower.
More must-reads from MarketWatch:
6 reasons why stocks are still setting records
Forget stock chatter, pay attention to Treasury yields
The 'father of the VIX' on its 7-year low: Don't worry about it
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