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Dow, S&P 500 end with gains up after bumpy week, but Nike drags
September 24, 2021 7:15 AM EDTBy Caroline Valetkevitch
NEW YORK (Reuters) - The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike.
Athletic wear company Nike's shares fell 6.3% and were the biggest drag on the Dow and the S&P 500 after it delivered a downbeat sales forecast and warned of delays during the holiday shopping season, blaming a supply chain crunch.
Shares of footwear retailer Foot Locker also fell sharply.
On the flip side, Facebook climbed 2% and Tesla rose 2.7%. The... More
