SMLP - Dow Dips 200 Points; Nike Shares Fall After Q3 Results | Benzinga
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 200 points.
The Dow traded down 0.54% to 39,565.50 while the NASDAQ rose 0.04% to 16,408.74. The S&P 500 also fell, dropping, 0.14% to 5,233.98.
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Leading and Lagging Sectors
Communication services shares jumped by 0.7% on Friday.
In trading on Friday, consumer discretionary shares fell by 0.9%.
Top Headline
Shares of Nike Inc (NYSE: NKE) fell more than 8% on Friday after the company reported results for its third quarter.
Nike reported third-quarter revenue of $12.429 billion, which was up slightly year-over-year. The revenue total beat a Street consensus estimate of $12.281 billion according to data from Benzinga Pro. Nike reported adjusted earnings per share of 98 cents, which beat a Street consensus estimate of 74 cents per share.
Equities Trading UP
Summit Midstream Partners, LP (NYSE: SMLP) shares shot up 35% to $26.20 after the company ...