LIVE MARKETS-Stocks rise on tech boost while Nike slumps
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STOCKS RISE ON TECH BOOST WHILE NIKE SLUMPS
U.S. stocks were higher in the early stages of trading, as tech shares continue to bounce back from recent weakness, while Nike NKE.N shares tumbled following its quarterly results.
The S&P 500 tech sector .SPLRCT was up more than 1%, led by gains of more than 6% in both SanDisk SNDK.O and Oracle ORCL.N, which had tumbled in recent days as jitters about high valuations and circular funding among AI-related names resurfaced.
Nike shares slumped more than 8% and were on track for their biggest daily percentage drop since April 3 after its quarterly results were dented by poor sales in China. The drop served to curb gains on the Dow Industrials .DJI and pulled the S&P 500 consumer discretionary sector .SPLRCD slightly into the red.
The Dow Transports .DJT were also weaker as earnings from FedEx FDX.N after the closing bell on Thursday pulled the stock down about 1%.
The consumer staples .SPLRCS sector also fell, thanks to a decline of more than 2% in ConAgra CAG.N and a plunge of more than 23% in Lamb Weston LW.N following their quarterly results.
Below is your market snapshot:
(Chuck Mikolajczak)
EARLIER ON LIVE MARKETS:
GOLDMAN SACHS SEES BROADER BULL MARKET IN 2026, EXPECTS LOWER RETURNS THAN 2025 CLICK HERE
BENCHMARK TREASURY YIELD POISED FOR 2026 FIREWORKS? CLICK HERE
A ROCKY YEAR FOR EUROPEAN CHEMICALS STOCKS CLICK HERE
BOFA SEES BRIGHT 2026 FOR BANK CREDIT CLICK HERE
EUROPEAN SHARES SUBDUED, SET FOR WEEKLY GAIN CLICK HERE
EUROPE BEFORE THE BELL: FUTURES DIP, BOJ HIKES, NIKE SINKS CLICK HERE
JAPAN'S SAVERS GET TO PARTY LIKE IT'S 1999 CLICK HERE
10yryield12192025 https://fingfx.thomsonreuters.com/gfx/buzz/dwpkqlaoxpm/image-1766152184778.png
Early trade Dec 19 
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