Stocks tumble as fears about the U.S. and worldwide economy spread [Los Angeles Times (CA)]
Nike, Inc. (NKE)
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Source: Los Angeles Times
Stocks tumble as fears about the U.S. and worldwide economy spread Fears of a steeper slowdown in the global economy rattled financial markets Friday, sending stock prices sharply lower and bond prices higher as investors piled into safer securities. The stock market has been climbing this year — and celebrated its historic, 10-year-bull rally two weeks ago — after rebounding from a rout last fall on concerns about slowing economic growth and the Federal Reserve’s raising of interest rates. But the central bank this week abandoned plans to raise rates this year after downgrading its expectations of U.S. economic growth, and other signs surfaced Friday that left investors fretting that economic activity worldwide is slowing further. The Dow Jones industrial average tumbled 460.19 points, or 1.8%, to 25,502.32 while the benchmark Standard & Poor’s 500 index fell 54.17 points, or 1.9%, to 2,800.71 — its biggest percentage loss since Jan. 3. The Nasdaq composite index dropped 196.29 point
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NKE
Earnings
- 3/21/24 - Beat
NKE
Sec Filings
- 4/4/24 - Form 10-Q
- 3/21/24 - Form 8-K
- 3/11/24 - Form 8-K
- NKE's page on the SEC website