Powered by

Here's Why Nike, Under Armour, and Foot Locker Stocks Are Surging Today

Apr 06, 2020 - Nasdaq

What happened Stocks are up massively today, with both the  Dow Jones Industrial Average  and  S&P 500  posting 5% gains as of 12:15 p.m. EDT. Sports apparel and footwear makers and retailers Nike Inc  (NYSE: NKE) ,  Under Armour  (NYSE: UA) (NYSE: UAA) , and  Foot Locker  (NYSE: FL) have surged ahead of the major indices, up 6%, 8.3%, 10.6%, and 15% respectively.  So what Over the weekend, the news was mostly bleak as COVID-19 cases spread around the world, and the U.S. passed 300,...