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Why Nike Stock Dropped Today

TheMotleyFool

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On a rough day for tech stocks (the Nasdaq Composite dropped 2%) that left large-cap stocks mostly unscathed (the Dow Jones Industrial Average ended flat), shoemaking behemoth and consummate blue chip stock Nike (NYSE: NKE) nonetheless found a way to end the day lower.

By the time the closing bell rang, Nike stock had lost 4.1%.

Image source: Getty Images.

Source Fool.com

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