Nike’s stock surges to pace the Dow’s early gainers

Nike Inc.’s stock surged 4.5% in premarket trade Friday, in the wake of the athletic apparel and accessories company’s fiscal third-quarter results, to pace the handful of Dow Jones Industrial Average components trading higher ahead of the open. Six of the 30 Dow stocks were gaining ground; the next biggest gainer was Home Depot Inc. shares, which were up just 0.4%. Nike’s stock rally would add about 20 points to the Dow, while Dow futures were down 96 points. Among the biggest decliners, shares of Intel Corp. were shedding 0.9%, Boeing Co. were losing 0.8% and Pfizer Inc. were giving up 0.8%. The most-active stock was Apple Inc.’s , which dropped 0.4%.

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From:: Stock Market News

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