Nike Inc.’s stock sprinted 8.5% higher Friday morning toward a 3 1/2-month high, pacing the S&P 500 gainers, as it was on track to post the biggest one-day gain since September 2015. The price gain of $4.50 was adding about 32 points to the price of the Dow Jones Industrial Average , which was up 77 points in morning trade. The rally comes after the athletic apparel and accessories maker reported better-than-expected fiscal fourth-quarter results, and confirmed a deal to sell its wares through Amazon.com Inc. . The magnitude of the rally was a surprise to options traders, which had priced in a one-day post-earnings move of about 5.1%. Nike’s stock has climbed 13% year to date, while the Dow has gained 8.1%.
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