Shares of Nike Inc. climbed more than 6% Friday after the sneaker maker and sportswear giant announced a CEO switch. But analysts say that incoming chief executive and company veteran Elliott Hill has ...

FedEx cuts its fiscal-year outlook following weaker-than-expected fiscal first-quarter earnings, while Nike stock rallies ...

Dow Jones futures fell Friday as Nike surged after announcing a leadership change. FedEx stock plunged on earnings news.

--On pace for largest percent increase since Dec. 21, 2022, when it rose 12.18% --Currently up six consecutive days; up 10.87% over this period ...

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One analyst said the “highly anticipated leadership change will inject a much-needed sense of urgency” to Nike, whose share price remains down 50% from its 2021 peak.

Wall Street is quieter, and U.S. stocks are drifting after they leaped to records the day before during a worldwide rally.