Stock Market Today: Dow Retreats After Nike Earnings

The Nasdaq Composite managed to notch a new record close Friday, building on the week's impressive gains.

wall of Nike shoes in retail store
(Image credit: Justin Sullivan/Getty Images)

A strong week for stocks ended on a quiet note Friday. The main market indexes have carved out solid gains – and new record highs – this week thanks to the Federal Reserve's relatively dovish rate-cut outlook, but today's price action was more subdued.  

At the end of today's trading, the Nasdaq Composite was up 0.2% at 16,428 – a new record close. The S&P 500 (-0.1% at 5,234) and the Dow Jones Industrial Average (-0.8% at 39,475), on the other hand, retreated from Thursday's record highs, on weakness in Nike (NKE) shares.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.