Why Nike Stock Dropped Today
On a rough day for tech stocks (the Nasdaq Composite dropped 2%) that left large-cap stocks mostly unscathed (the Dow Jones Industrial Average ended flat), shoemaking behemoth and consummate blue chip stock Nike (NYSE: NKE) nonetheless found a way to end the day lower.
By the time the closing bell rang, Nike stock had lost 4.1%.
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Source Fool.com
