{
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market update wall street reacts to fed decisions and corporate earnings

Wall Street faced volatility as the S&P 500 and Nasdaq marked their third consecutive day of losses, while the Dow ended a 10-day losing streak. FedEx surged 8.5% after a strategic spin-off, while Nike shares fell 6% amid a delayed turnaround plan. Novo Nordisk's obesity treatment trial results disappointed, causing its stock to drop, while Berkshire Hathaway increased its stake in Occidental Petroleum.
CNBC
NIKE, Inc. Sirius XM Holdings Inc. Novo Nordisk A/S Eli Lilly and Company FedEx Corp VeriSign, Inc. Lennar Corp Berkshire Hathaway Inc. OCCIDENTAL PETROLEUM USA Donald Trump John Donahoe Warren Buffett Elliott Hill John Williams Jerome Powell Show more
Finance & Economy, Market Report
15:07 20.12.2024

Nike appoints Elliott Hill as new CEO amid stock struggles and strategy shift

Nike's leadership is shifting as CEO John Donahoe resigns, to be succeeded by Elliott Hill, a veteran executive with 30 years at the company. This change comes after a significant decline in stock value and aims to restore investor confidence through a return to market-oriented strategies and global expansion. Following the announcement, Nike's stock saw a nearly 10% increase, signaling investor optimism about Hill's potential to blend tradition with innovation to navigate fierce competition.
IG
United States Dollar NIKE, Inc. USA Elliott Hill John Donahoe
TradFi, Market Report
09:00 20.09.2024
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