Dow Tumbles Over 400 Points; Nike Shares Dip After Q3 Results
1. Nike shares fell 8% post Q3 results despite revenue beating estimates. 2. Company reported $11.27 billion revenue, exceeding analyst expectations of $11.01 billion. 3. Market indices, including Dow and S&P 500, experienced significant declines. 4. Overall market sentiment appears bearish following widespread losses across sectors. 5. Recent earnings report did not prevent a sharp drop in NKE's stock price.