Nike Shares Surge on Fed Rate Cut

Nikes shares surged by four percent following the Federal Reserves interest rate cut, as investors anticipate more aggressive easing and low borrowing costs. Despite the recent rally, Nikes shares are still down ten point five percent this year, trading nearly twenty percent below its fifty-two-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.