Nike Drops 3% on Kaepernick Endorsement News - Adviser Investments

Nike Drops 3% on Kaepernick Endorsement News

Senior Vice President Chris Keith has the market analysis for Tuesday, September 4. Stocks fell slightly across major U.S. stock indexes today, with the Dow Jones Industrial Average and NASDAQ declining fractionally and the S&P 500 down 0.2%. Emerging markets stocks dropped 2% on trade policy and currency valuation concerns. Meanwhile, the Institute for Supply Management report for August revealed that manufacturing activity hit its highest level since 2004. Also making headlines, Nike closed the day down 3% after announcing its endorsement campaign with Colin Kaepernick.

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