Finance

Dow futures rise helped by Nike earnings, key inflation report ahead

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U.S. stock futures rose in early morning trading on Friday after the S&P 500 closed at a record.

Dow futures rose 89 points. S&P 500 futures and Nasdaq 100 futures were both in mildly positive territory.

Nike‘s stock rose 14.1% in extended trading after the company reported earnings of 93 cents per share, outpacing a Refinitiv estimate by 42 cents per share. Revenue came in at $12.34 billion, topping a forecast of $11.01 billion. Digital sales were up 41% since last year and 147% from two years ago. FedEx dipped 4% despite beating on the top and bottom lines of its earnings. FedEx also gave a strong yearly outlook.

Shares of the major U.S. bank popped after the Federal Reserve announced



Source cnbc.com

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