Dow Jones News: Nike Drops on Solid Results; Apple's AirPods Set for Explosive Growth
The Dow Jones Industrial Average (DJINDICES: ^DJI) was enjoying a strong day on Friday, up 0.44% by 1:40 p.m. EST. President Donald Trump said in a tweet that a formal signing for phase one of the trade deal between the U.S. and China was being arranged.
Dragging down the Dow was Nike (NYSE: NKE), which reported exceptional quarterly results but was unable to rally, perhaps due to an elevated valuation. Meanwhile, shares of Apple (NASDAQ: AAPL) edged up as an analyst predicted rapid growth for the company's AirPods next year.
Footwear giant Nike easily beat analyst estimates across the board when it reported its fiscal second-quarter results on Thursday evening. But it wasn't enough to keep the stock moving higher, with shares down 1.3% on Friday.
Source Fool.com
