Nike’s stock rally keeping the Dow in positive territory

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Investors can thank Nike Inc.’s stock for keeping the Dow Jones Industrial Average in positive territory, despite the declines in the S&P 500 and Nasdaq Composite indexes. Nike’s stock surged 8.9% in morning trading after the athletic gear giant late Tuesday better-than-expected earnings. The price gain of $10.34 is adding about 68 points to the Dow’s price, which is up 25 points, or 0.1%. Meanwhile, the S&P 500 is down 0.3% and the Nasdaq is down 0.8%.
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