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Dow Jones Trims Early Loss Fueled By China, Nike, But This Blue Chip In Buy Range

Key market indexes moved off session lows midday Friday, as the Dow Jones Industrial Average erased most of an early 117-point loss. Read More...

Reuters

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

U.S. stock indexes fell on Friday following a two-day rally, as worries persisted about the spillover from debt-laden China Evergrande, while Nike tumbled after cutting its sales forecast. Nike Inc dropped 6.5% to weigh the most on the Dow and the S&P 500 after warning of delays during the holiday shopping season, blaming a supply chain crunch. At 9:49 a.m. ET, the Dow Jones Industrial Average was down 51.14 points, or 0.15%, at 34,713.68, the S&P 500 was down 10.93 points, or 0.25%, at 4,438.05, and the Nasdaq Composite was down 99.60 points, or 0.66%, at 14,952.64.

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