Wall St tumbles as weak factory data fuels slowdown worries [Reuters]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Reuters
Wall St tumbles as weak factory data fuels slowdown worries (Reuters) - Wall Street’s main indexes tumbled about 2 percent on Friday after a raft of weak manufacturing data from the United States and Europe led to an inverted yield curve, stoking fears of an economic slowdown. Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had impacted factory output, a setback for hopes the global economy might be turning the corner on its slowdown. This led to the spread between three-month Treasury bills and 10-year note yields inverting for the first time since 2007. An inverted yield curve is widely understood to be a leading indicator of recession. “Right now there are clearly enough signs to be cautious about a number of factors that can potentially cause an economic recession,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas. “It doesn’t guarantee it,” Frederick said, “but if multiple o
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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