Wall Street pointed toward a modestly higher open today, according to the Associated Press, with futures for the Dow Jones Industrial Average gaining 0.1% and futures for the S&P 500 rising nearly 0.4%.
Nike shares tumbled 15% after the shoe and athletic wear company missed Wall Street’s revenue targets and cut its full-year sales guidance.
Nike’s dour outlook dragged other athletic apparel companies down with it. Foot Locker fell 5.7%, Skechers lost 3.7%, and Under Armour was down 2.8% in off-hours trading.
In energy trading, benchmark U.S. crude rose 77 cents to $82.51 per barrel. Brent crude, the international standard, added 65 cents to $85.91 per barrel.
Advertisement
In currency trading, the U.S. dollar fell to 160.63 Japanese yen from 160.77 yen.
