Gap, Nike, JPMorgan & more


People walk by a Nike store in New York.

Spencer Platt | Getty Images

Check out the companies making headlines in midday trading. 

Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with analyst expectations of a 7-cent profit per share. Revenue also came up short as stores closed amid the pandemic.

Gap — Shares of the retailer soared more than 28% after it announced a partnership with musician Kanye West. West’s Yeezy design studio will design clothing lines for Gap, and the first products are expected in 2021, according to a press release.



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