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Benzinga
Benzinga
Business
Henry Khederian

SHOCKING: Why nike shares are getting hammered today | Mind Blowing Facts

NIke Nike Inc NYSE Target US Federal Reserve Walmart

Shares of several companies in the retail, including Nike Inc (NYSE:NKE), are trading lower following weak retail earnings this week from Walmart and Target. Anticipation of further Federal Reserve policy tightening has continued to weigh on stocks across sectors.

Nike shares also saw weakness last week and were trading lower amid continued volatility as investors digest the latest U.S. inflation data, which came in higher-than-expected.

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