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Nike Up Over 15%, Best Performer in the DJIA and S&P 500 SO Far Today
NIKE, Inc. Class B (NKE) is currently at $72.07, up $9.53 or 15.23%
· Would be highest close since March 19, 2025, when it closed at $72.99
· On pace for largest percent increase since June 25, 2021, when it rose 15.53%
· Currently up five of the past six days
· Currently up two consecutive days; up 18.47% over this period
· Best two-day stretch since the two days ending March 25, 2020, when it rose 25.81%
· Up 18.94% month-to-date; on pace for best month since Dec. 2000, when it rose 30.94%
· Down 4.76% year-to-date
· Down 59.4% from its all-time closing high of $177.51 on Nov. 5, 2021
· Down 4.38% from 52 weeks ago (June 28, 2024), when it closed at $75.37
· Down 19.42% from its 52-week closing high of $89.44 on Sept. 27, 2024
· Up 35.29% from its 52-week closing low of $53.27 on April 8, 2025
· Traded as high as $72.84; highest intraday level since March 20, 2025, when it hit $73.65
· Up 16.47% at today’s intraday high; largest intraday percent increase since Dec. 17, 1999, when it rose as much as 21.47%
· Best performer in the DJIA today
· Best performer in the S&P 500 today
· Second most active stock in the S&P 500 today
· Contributed 58.58 points to the DJIA so far today
Nasdaq, S&P 500 Notch New Record Highs
The S&P 500 and Nasdaq Composite both notched new record highs shortly after Friday’s open, capping a dizzying rally from the depths of April’s tariff-induced selloff.
· The broad S&P 500 topped 6158, besting a previous intraday record hit in February.
· The index is on pace for its quickest recovery back to all-time highs following a decline of at least 15%.
· The tech-heavy Nasdaq Composite topped 20240, besting a previous all-time high set in December.
· The best S&P 500 performers since the April 8 closing low include Micron, AMD, Palantir and Coinbase. The cryptocurrency exchange has risen 140% since then.
· Both the S&P and the Nasdaq are on track to close at record highs if they hold gains.
· Stocks got a boost in recent sessions after Israel and Iran struck a fragile cease-fire. Continued trade negotiations between the U.S. and China, Canada and the European Union have also lifted investor spirits.
SP 500 Chart
US stocks pop higher on revisions to final U of M consumer sentiment report… headline up slightly, inflation expectations down slightly
EURUSD
1.1720 +. 1.1754 => 1.1731
You can the Power of the “50” level, with stops run above 1.1750 and then immediately back down (blinked and you missed it)
Classic example of my trading mantra: The forex market lives to run stops.
EURUSD 30 MINUTE CHART
Mixed PCE report,,, bond yields slip slightly, USD dips but no surprises in the report
US PCE (Fed’s favored inflation indicator) due next.
See consensus forecast in our Economic Data Calendar
EURUSD
Trend: Strong up but in limbo
Drilling down:
Potential (unconfirmed) for a change of direction pattern but one that would need the 1.1727 blue line to turn solid, 1.1680 broken but even then not be confirmed until/unless 1.1580 is broken
So drilling down to the one hour chart shows consolidation, 1.1667=72 as key support (followed by 1.1650)
On the upside, a break of 1.1745-50 would be needed to trigger any buy stops and put 1.18 on the radar.
EURUSD 4 HOUR CHART
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