Table of Contents

• Nike

• U.S. Inflation

Top Stories Today

Nike

Nike shares surged 17% intraday after the company delivered a stronger-than-feared fiscal Q4 and its CEO assured investors that the most challenging phase of its turnaround is over. Despite a 12% drop in sales and an 86% plunge in profits, Nike’s “Win Now” initiatives, ranging from a renewed partnership with Amazon to targeted women’s product rollouts, are beginning to take hold. Management warned that sales will still decline modestly this quarter and that margin pressures will persist as excess inventory is cleared and tariffs bite, but they believe a stabilization in results is imminent. Wall Street’s enthusiasm was bolstered by upgrades and raised price targets, though leadership stopped short of predicting exactly when growth will resume.

U.S. Inflation

Consumer prices in the U.S. rose modestly in May, with the personal consumption expenditures index climbing 0.1% for the month and marking a 2.3% increase over the past year, still above the Federal Reserve’s 2% objective. Core PCE, which strips out food and energy, advanced 0.2% month-over-month and 2.7% year-over-year, slightly higher than consensus forecasts. Meanwhile, household outlays dipped 0.1% and personal income fell 0.4%, signaling waning economic momentum ahead of looming tariff effects. Though financial markets barely moved on the report, strategists say it keeps alive hopes for a July rate cut, even as Fed officials remain cautious under pressure from President Trump.

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