S&P 500 ends slightly up after bumpy week, but Nike drags



(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)

* Nike falls after cutting full-year sales estimate

* Facebook, Tesla biggest gainers on S&P500

* Crypto firms fall as China's crackdown deepens (Updates to close)

By Caroline Valetkevitch

NEW YORK, Sept 24 (Reuters) - The S&P 500 ended slightly higher on Friday after a volatile week as gains in growth names like Facebook FB.O offset a dive by Nike NKE.N after the athletic wear company delivered a downbeat sales forecast.

Nike's shares were the biggest drag on the Dow and the S&P 500 after it also warned of delays during the holiday shopping season, blaming a supply chain crunch. [nL4N2QP2WK Shares of footwear retailer Foot Locker FL.N also fell sharply.

Facebook and Tesla TSLA.O were the biggest boosts to the S&P 500 among individual names, although energy .SPNY led gains among sectors.

"Investors still are in love with growth equity," said Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey.

"There's fear among institutional investors that higher interest rates will depress the growth equity multiple, but retail investors just love their growth equities, the ones they know and whose earnings remain strong."

Stocks fell sharply at the start of the week due to concerns over a default by China's Evergrande 3333.HK and its potential risk to global financial markets and also ahead of the Wednesday's Federal Reserve statement.

Unofficially, the Dow Jones Industrial Average .DJI rose 34.36 points, or 0.1%, to 34,799.18, the S&P 500 .SPX gained 6.58 points, or 0.15%, to 4,455.56 and the Nasdaq Composite .IXIC dropped 3.94 points, or 0.03%, to 15,048.31.

"It's been a very volatile week to say the least, so I think going into the last week of September the volatility is likely to continue especially with the end-of-the-quarter window dressing," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

Investors are also looking for signs of progress on President Joe Biden's spending and budget bills. Also, shares of cryptocurrency-related firms Coinbase Global COIN.O , MicroStrategy Inc MSTR.O , Riot Blockchain RIOT.O and Marathon Patent Group MARA.O fell after China's central bank put a ban on crypto trading and mining.
Reporting by Caroline Valetkevitch; additional reporting by Devik Jain in Bengaluru; Editing by Maju Samuel and David Gregorio

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明