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Strong Nike Results Boost Stock Futures
(Reuters) - U.S. stock index futures gained on Friday, as Nike jumped after strong results and as bank stocks rose after clearing the Federal Reserve’s stress tests.
Setting a positive tone on the last trading day of the first half of 2018 was Nike, whose shares jumped 10 percent premarket after the athletic shoe maker returned to growth in North America and gave an upbeat forecast.
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According to Reuters, Soothing words from the world’s top central banks helped stocks consolidate a strong start to 2019 on Friday, while China’s yuan capped its best week since it shed its dollar..
Nike opened lower Thursday ahead of the company's second-quarter results. Analysts said they were watching for earnings of $0.46 a share on revenue of $9.17 billion. Nike shares have readily outdone..
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