Nike Stock Helps Drive Market Recovery Amid Producer Price Jump
1 report, 1 independent
Updated Oct 15
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What happened
Stocks showed a considerable turnaround on Thursday after an early slump. The Nasdaq finished the day up 0.1 percent at 26,713.03, following gains from Nike, Salesforce, and Home Depot. The Dow also rose 1.1 percent to 52,177.69.
From finanznachrichten.de
Why it matters
Nike's strong gains helped boost major averages, including the Dow and Nasdaq, which recovered from initial weakness. This market movement occurred amid a sharp drop in treasury yields and a report showing U.S. producer prices jumped 1.3 percent in September.
From finanznachrichten.de