Nike Stock Surges on Wall Street Amid Market Gains

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Nike Stock Surges on Wall Street Amid Market Gains
Photo: Yuki Iwamura/AP/TT

Leading indexes on the American stock exchange rose on Wednesday.

Investors on Wall Street did not seem to pay any attention to the shutdown of the US government apparatus, which began at midnight local time. The broad S&P 500 index rose 0.3 percent, Nasdaq's technology-heavy composite index climbed 0.4 percent and the Dow Jones industrial index gained 0.1 percent.

Among the winners was the sports company Nike. The stock rose 6.4 percent after the company far exceeded analysts' forecasts for the previous quarter's profit. Nike also reported a significant increase in sales in North America.

In the other direction, Peloton Interactive went, which among other things manufactures training equipment, after the company's new AI system received a cool reception. The stock fell 3.7 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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