New York Stock Exchange (NYSE) building  in New York. Photo: AFP, Jewel Samad
New York Stock Exchange (NYSE) building in New York. Photo: AFP, Jewel Samad
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Dow trading much weaker than S&P

Nike is pulling down the index on a disappointing sales forecast

March 22, 2017 10:20 PM (UTC+8)

The Dow Jones is trading much more weakly than the S&P 500, dragged down by Nike on the athletic footwear maker’s disappointing sales forecast. The Dow is down by 0.33% at 10 a.m. vs. a 0.11% fall for the S&P. Retail REITs, department stores, and home furnishings are the laggards in the S&P along with footwear. In the S&P 100, financials continue to show significant losses as rates come down, but energy and industrial names are mostly stronger, with bellwether FedEx up 1.68% and Apple up 0.68%. This isn’t a panic but rotation based on expected earnings.

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