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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