Stocks edged higher on Wednesday as gains in financial stocks helped put the S&P 500 on pace for a fifth-straight winning session and lifted the benchmark index to levels not seen since before Lehman Brothers went bankrupt.
The companies which are expected to see active trade on Wednesday are NIKE, Red Hat, Bed Bath & Beyond, Tibco Software, Xilinx, Hovnanian Enterprises and Walgreen.
Nike Inc posted future orders data that missed many analysts' expectations Tuesday, sending shares of the world's largest athletic shoe and clothing maker down almost 6 percent.
NIKE Inc. (NYSE: NKE) reported net income of $457-million, or diluted earnings of $0.94 per share, on revenues of $4.8-billion for the fiscal second quarter of 2011.
The companies which are expected to see active trade on Tuesday are Nike, Jabil Circuit, Adobe Systems, Red Hat, CarMax, Carnival Corp and Paychex.
German sportswear giant Adidas announced on Monday to open more than 2,500 stores in smaller Chinese cities by 2015 aiming to tap the middle class market.
Stocks fell on Thursday, with bank shares pressured as negotiations over a financial reform bill approached the final hours, while investors remained skittish about the pace of the economic recovery.
Wall Street was set to open lower on Thursday as investors fretted about the pace of the economic recovery, though a better-than-expected drop in initial jobless claims provided comfort.
Stock index futures pointed to a stronger start for U.S. equities on Wednesday, rebounding from a fall in the previous session when stocks suffered due to weak housing data.
Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by new stores and demand for its namesake brand and smaller brands like Converse, the athletic giant said on Wednesday.
Athletic gear giant Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on Wednesday.
Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on Wednesday.
The momentum of the rally pushed the stock market to close up slightly as Thursday's data indicated that the job market is stabilizing, inflation is subdued, and the manufacturing sector is expanding.
U.S. stocks barely moved on Thursday after a report showed improvement in U.S. Mid-Atlantic business activity and companies posted some strong results.
Wall Street was set for a flat open on Thursday, one day after the Dow pushed to a 17-month high, as data showed consumer prices were unchanged in February and the number of new applications for jobless benefits fell slightly less than expected last week.
Stock index futures dipped on Thursday, one day after the Dow pushed to a 17-month high, while investors awaited data on consumer inflation and the labor market.
Stock index futures pointed to a slightly lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.2 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures down 0.12 percent.
Nike Inc posted a return to sales and profit growth on Wednesday and forecast higher expected orders around the world after a year of declines, sending its shares up more than 3 percent.
Nike Inc posted a net profit that beat analyst expectations, fueled by fewer clearance sales of merchandise and improving sales around the world, sending its shares up more than 3 percent.
Nike Inc , the largest global sporting gear maker, posted a net profit that beat analysts' expectations, helped by fewer clearance sales of merchandise and improving sales around the world.
Video game publisher Electronic Arts Inc said on Thursday it will introduce the next version of its Tiger Woods console video game in June despite the star golfer's public relations nightmare and decline in popularity following his adultery scandal.
The sex scandal that engulfed Tiger Woods may have cost shareholders of companies endorsed by the world's No. 1 golfer up to $12 billion in losses, according to a study by two economics professors from the University of California, Davis.