Nike, Lululemon shares sink as gloomy forecasts alarm analysts
Nike’s stock fell 8% on Friday after the Air Jordan maker warned that sales would fall in the first half of the year as it replaced older styles with trendier sneakers, while Lululemon Athletica said demand for its luxury athleisure products had declined. As a result, the stock fell by 17%. Lululemon’s bleak outlook highlights […]
Gloomy sentiment continues with European markets heading for a negative open – CNBC
22 minutes ago European stock markets start mixed, then turn higher European stock markets opened on a calm note, with the regional Stoxx 600 index opening flat but up 0.2% by 8:20 a.m. London time. Sectors remained mixed, with healthcare stocks gaining 1.04%, while technology and mining stocks both fell about 0.6%. Britain's FTSE 100 […]