Nike and banks propel Wall Street gains

By April Joyner NEW YORK (Reuters) - A surge in Nike Inc shares and a rally in bank stocks lifted Wall Street's major stock indexes on Friday, though all three were still on track to post weekly declines. Shares of Nike soared 13 percent to hit an all-time high of $81 after the world's largest footwear maker reported a return to growth in North America in the last quarter and gave an upbeat forecast for the year. Nike shares were last up 11.5 percent to $79.91, on track for their biggest one-day gain in nearly four years

from Latest News Business on Firstpost https://ift.tt/2KzUdx6