Nike's Stock Takes a Dive Following Russell Reconstitution, According to Yahoo Finance

Money | June 28, 2024, 3:34 p.m.

Nike (NKE) shares are plummeting following disappointing fourth-quarter revenue results and a revised 2025 revenue outlook. Investors are also keeping a close watch on the annual reconstitution of the Russell indexes. Trending tickers on Yahoo Finance include Tesla (TSLA), Chewy (CHWY), and Trump Media & Technology Group (DJTWW, DJT). Notable guests scheduled to appear today include Libby Cantrill, PIMCO's Head of US Public Policy, Will Rhind, GraniteShares' Founder and CEO, Alex Saunders, Citi Research's Head of Quantitative Macro Strategy, and Alex Thompson, Axios' National Political Correspondent. Stay tuned for expert insights and analysis on today's market movers.