3 Sporting Goods Stocks Surging Today: What You Need to Know
Shares of Nike Inc. (NYSE: NKE), Under Armour (NYSE: UA)(NYSE: UAA), and Foot Locker (NYSE: FL) are moving higher again on March 26. As of 12:49 p.m. EDT, shares are up 7%, 9%, and 8% respectively on a strong day for stocks. Both the S&P 500 and Dow Jones Industrial Average indexes are up 5% so far today.
Today's big surge marks the third day in a row that these companies are seeing their stocks move higher. The uptick began Tuesday, when word came out that Congress was moving closer to finalizing an economic rescue package that's now worth $2 trillion. The bill includes both aid to businesses and payments to individuals, and investors are increasingly hopeful that this will help soften what has been expected to be a pretty hard landing for the economy.
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Source Fool.com
