Why Is Nike Down Over 23% Year to Date When the Dow Jones Is Hitting All-Time Highs?
DOWDow(DOW) The Motley Fool·2024-10-06 20:30

Nike has dug itself into a hole and doesn't seem to know how to get out.It's been a monster year for the Dow Jones Industrial Average, with the index up nearly 12% year to date and hitting a new all-time high in September. But not all of the Dow components has shared in this success. Athletic shoe and apparel maker Nike (NKE 0.18%) has been a major loser -- down over 23% year to date to make it the third worst-performing stock in the index behind only Boeing and Intel.Here's what's driving the Dow's surge, ...