The markets were rather quite today but did lose a little ground. The Dow 30 lost 31, the S&P 500 lost 5, and the Nasdaq 100 lost 12. These small days are typical of the holiday week and are expected to continue as there is no, meaningful economic news scheduled for the remainder of the year.
Nike (NKE ) had investors jumping in today as the athletic retailer announced earnings that were better than Wall Street's expectations. Nike reported earnings per share of 50 cents on revenue of $8.18 billion. Despite the move higher today (+0.98%), Nike is still the worst performer in the Dow so far this year, down about 17%.
FedEx (FDX ) sold off 3.32% today, breaking the short term uptrend as the packaging company reported mixed earnings results. FedEx missed expectations on earnings while just beating revenue estimates. FedEx announced adjusted earnings of $2.80 a share on revenues of $14.93 billion. Shares are still up over 28% on the year though.
Twitter (TWTR ) lost another 4.69% today as the social media company is losing its chief technology officer, Adam Messinger after five years with the company. Twitter's vice president of product, Josh McFarland, also announced he was leaving the company. This now makes for over a 13% decline in just 8 days.
