Nike Inc. shares surged 9% Friday and set an intraday high of $125.82, making it the top-performing stock on the Dow Jones Industrial Average in the year so far. Nike shares are up almost 31% in the year, while the Dow has fallen about 8%. If the stock holds these gains, it will set a record close and surpass $100 bilion in market capitalization for the first time. The stock is enjoying its biggest one-day point gain and biggest percentage gain since Sept. 26, 2014. The move came as analysts applauded first-quarter earnings that blew past expectations.
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