Dec. 20 at 12:36 AM
We’re still counting on some of the capex spend kind of supporting a broader or probably better growth backdrop,” he also said.
This comes after the S&P 500
and the Dow
both snapped their four-day losing streaks in the previous session. With Friday’s moves, the broad-based index eked out a 0.1% gain, while the Nasdaq advanced 0.5%. The Dow, however, slipped 0.7%.
Nike
was among the day’s losers, as shares slid 10.5% after the sports apparel giant saw revenue in its Greater China market decline during the fiscal second quarter. The company is also feeling the pain of tariff increases, noting a hit to its gross margins due to the levies.
$SPX $NKE