Nike Stock News

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. The market is volatile with economic uncertainties, but investing consistently in solid dividend-paying stocks with reasonable valuations is a good idea. We go over our filtering process to select just five conservativ...

Nike (NKE 2.87%) stock managed to post gains Friday despite another big sell-off for the broader market. The company's share ended the day's trading up 3%.

The U.S. is Vietnam's biggest trading partner with $119 billion in goods exported annually.

Nike and several other apparel-related stocks rebounded on Friday after Thursday's tumble. The post Why Dow Component Nike, Apparel Stocks, Are Rallying After Trump Tariffs Slide appeared first on Investor's Business Daily.

1 Ideal Buy From 23 "Safer" April Dividend Dogs In 50 Fortune World's Most Admired Companies (FWMAC)

Shares of Nike (NKE 3.87%), the world's most popular shoe and apparel brand, dropped 15% earlier this week but have recovered some of these losses as of noon ET on Friday, according to data provided by S&P Global Market Intelligence.

Nike shares recovered on Friday after President Donald Trump suggested a possible agreement with Vietnam to reduce recently announced tariffs. The stock was up around 5% in late-morning trading.

Trump's new tariffs are forcing U.S. apparel and shoe makers to scour the world for new places to manufacture.