Stock futures are little changed Friday after the S&P 500 and Dow snapped four-day losing streaks yesterday; Friday is the final quadruple witching day of the year, with a record amount of options contracts set to expire today; Nike stock is plunging amid concerns about sales weakness in China; TikTok reportedly has agreed to a deal to give American investors including Oracle a controlling stake; and FedEx earnings handily topped Wall Street expectations. Here's what you need to know today.
NKE beats Q2 FY26 estimates, but EPS drops and digital and China weakness pressure margins and outlook.
Friday could be a wild day on Wall Street with four types of options expiring on the same day, a four-times-year occurrence known as “quadruple witching” day. Nike shares were down sharply in premarket trading after the sportswear giant warned sales would slide this quarter.
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | Elliott J. Hill CEO | XDUS Exchange | US6541061031 ISIN |
| US Country | 79,400 Employees | 1 Dec 2025 Last Dividend | 24 Dec 2015 Last Split | 2 Dec 1980 IPO Date |
NIKE, Inc., a global leader in the design, development, marketing, and sales of athletic footwear, apparel, equipment, accessories, and services, operates a diverse portfolio of products distributed worldwide. Founded in 1964 and headquartered in Beaverton, Oregon, NIKE has grown to become a household name in athletics, emphasizing innovation and branding to connect with consumers across various sports and lifestyle activities. Through its extensive range of subsidiaries, NIKE caters to a broad audience, delivering performance and casual products designed to meet the needs of professional athletes, sports enthusiasts, and casual wearers alike.
NIKE’s product line is comprehensive, covering a wide range of sports and lifestyle needs. Below are the main categories:
NIKE products are available through various distribution channels, including NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives, ensuring widespread availability to consumers around the globe.