S&P 500 edges higher after bumpy week, Nike drags
The Dow and S&P 500 ended a choppy session Friday with minor gains, extending their winning streak to a third day. Gains in financial and tech shares offset a downbeat sales forecast from Nike.
The Dow and S&P inched up roughly a tenth of a percent, but the Nasdaq closed flat.
Despite a steep sell-off on Monday sparked by fears of a default by developer China Evergrande, the markets recovered to eke out small gains for the week.
Evergrande missed its key interest payment Thursday, but American investors took the news in stride Friday, which surprised TD Ameritrade Chief Market Strategist JJ Kinahan.
“It really is amazing. Again, going back to what I said earlier, it shows the power of the Fed at everything. That being said, I think as an investor, you can't look at what went on with China Evergrande and just say, ‘Oh Monday. It's over. Time to move on.’”
Nike was the biggest drag on the Dow and S&P. The sportswear maker’s shares dropped more than 6%. Nike warned of delays during the holiday shopping season, blaming a supply chain crunch. Investors also took down shares of athletic shoe retailer Foot Locker, which fell 7%.
China’s central bank banned the trading and mining of cryptocurrencies. That yanked down the price of bitcoin and other cryptos, as well as digital currency-related companies such as Coinbase Global, MicroStrategy, and Riot Blockchain.
相關影片推薦
- 1:18美馬戲團大象逃脫 穿梭車陣民眾驚呼 馬路秒變野生動物園Yahoo奇摩(國際通)29,852 次觀看・1 天前
- 6:11強震來臨這3個縣市最危險 李鴻源曝災防都更因「票房毒藥」難行今天誰來沛212,646 次觀看・21 小時前
- 1:53加拿大史上最大黃金盜竊案逮6人 加航「內鬼」偽造空運單 400公斤黃金恐已熔化售出Yahoo奇摩(國際通)35,013 次觀看・19 小時前
- 1:13柯建銘質詢一半突喊「我看不到」計時器 透露眼睛病變華視影音7,933 次觀看・22 小時前
- 1:1126歲抗癌網紅因胃癌去世 生命最後5個月沒吃沒喝娛樂星聞57,785 次觀看・2 天前
- 1:15謝和弦不認偷吃陳芳語嗆前妻記錯人!自爆出軌對象是「她」秒遭Keanna打臉娛樂星聞5,594 次觀看・12 小時前
- 2:02英國女遊台南「喝全糖珍奶」 嚇壞驚呼:天大錯誤華視影音305,121 次觀看・1 天前
- 23:55台積電法說會登場 投資人關心加碼美國新廠風險 但面對拜登和川普搶當美國保護主義隊長 川普幕僚密謀促貶美元 拜登祭301調查要提高中國商品關稅 台積電等於買了保險|鏡轉全球 #鏡鏡新聞791 次觀看・14 小時前
- 1:39男童"騎單車"上快車道 暖心民眾放慢車速"殿後"護送民視影音54,759 次觀看・19 小時前
- 2:22世界最小核潛艇 法國老牌「紅寶石級」罕見公開 直擊內部作業、核動力能巡洋數月Yahoo奇摩(國際通)12,220 次觀看・1 天前