Nike stock rallies after earnings beat, boosting Foot Locker shares

📆 29/09/2023 09:34:00
📰 MarketWatch

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Nike, Foot Locker and Bionomics are stocks in the spotlight

Nike shares NKE, +0.

23% rallied 8% as the apparel maker that’s also part of the Dow Jones Industrial Average DJIA reported better-than-expected earnings, news that also lifted shares of European rivals including Adidas ADS, +6.21%.Bionomics BNOX, +242.13%, whose shares jumped 242% on Thursday after reporting positive results from a mid-stage trial of a treatment for post-traumatic stress disorder, fell 14% in premarket trade.

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Nike earnings on deck with focus on US consumer demand, profit marginsA gloomy outlook from Foot Locker, as well as ongoing weakness in China, will challenge Nike’s near-term sales forecasts.
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