Stock Market Today: Dow Gains After Nike Gets Upgraded
Jefferies thinks Nike's new CEO will spark a turnaround in the beaten-down blue chip.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Delivered daily
Kiplinger Today
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.
Sent five days a week
Kiplinger A Step Ahead
Get practical help to make better financial decisions in your everyday life, from spending to savings on top deals.
Delivered daily
Kiplinger Closing Bell
Get today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.
Sent twice a week
Kiplinger Adviser Intel
Financial pros across the country share best practices and fresh tactics to preserve and grow your wealth.
Delivered weekly
Kiplinger Tax Tips
Trim your federal and state tax bills with practical tax-planning and tax-cutting strategies.
Sent twice a week
Kiplinger Retirement Tips
Your twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement
Sent bimonthly.
Kiplinger Adviser Angle
Insights for advisers, wealth managers and other financial professionals.
Sent twice a week
Kiplinger Investing Weekly
Your twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.
Sent weekly for six weeks
Kiplinger Invest for Retirement
Your step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.
Stocks closed mixed Monday. Negative sessions for mega-cap stocks Meta Platforms (META. -2.3%) and Microsoft (MSFT, -1.0%) kept pressure on the Nasdaq Composite and the S&P 500, while a big gain for Nike (NKE, +4.9%) allowed the Dow Jones Industrial Average to close in the green.
By the numbers, the Nasdaq slumped 1.2% to 19,286, the S&P 500 fell 0.5% to 5,983, and the Dow Jones Industrial Average added 0.08% to 43,461.
Meta's share price on Monday was hit by reports the social media company could face anti-competitive fines from South Africa's Competition Commission. Microsoft fell after TD Cowen said the tech giant had canceled leases for some U.S.-based data centers.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Nike, meanwhile, got a lift after Jefferies analyst Randal Konik upgraded the athletic apparel and footwear maker to Buy from Hold and called it a top stock pick.
The company's new CEO, Elliott Hill, who took over the role in October, "is tackling product and distribution issues head-on, positioning the brand to again outgrow the market and take back lost share," Konik says.
He adds that surveys indicate the Nike brand "remains very strong, proving that issues were self-inflicted and competitive threats less severe."
Apple unveils $500 billion investment plan
Apple (AAPL) was another Dow Jones stock that finished in the green, adding 0.6% after the iPhone maker committed to spending $500 billion over the next four years on investments in the United States and adding 20,000 new hires.
"From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we're thrilled to expand our support for American manufacturing," said Apple CEO Tim Cook in a press release.
The money will also be used toward Apple Intelligence infrastructure and data centers and Apple TV+ productions in 20 states, according to the company.
CFRA Research analyst Angelo Zino calls the headline number "deceptive" as it includes all spending, including operating expenses and capital expenditures. Additionally, it won't circumvent Trump tariffs on China.
However, Zino notes that "AAPL made a similar announcement during Trump's first tenure," so at the very least, it will "put the company in the good graces of the new administration should exemptions be on the table."
Nvidia falls ahead of earnings
Elsewhere, Nvidia (NVDA) shed 3.1% ahead of the chipmaker's highly anticipated fiscal fourth-quarter earnings report, set to be released after Wednesday's close. Make sure to follow along with our Nvidia earnings live blog.
John Belton, portfolio manager at Gabelli Funds, says this print will provide "more clarity on the early launch of Blackwell – how it's going and what demand looks like." He adds that results from mega-cap companies "painted a positive picture for Nvidia's customer base and demand outlook" over the next year.
Belton believes that Nvidia's total revenue is the most important performance metric, "as it will indicate how strong demand has been for older-generation Hopper products."
Analysts expect Nvidia to report fiscal Q4 revenue of $38.1 billion, up 72.5% year over year.
Related content
- Best Investments to Sidestep a Trade War
- Sherwin-Williams Is a Sleeper of the 100,000% Return Club
- How to Invest in the Nuclear Revolution
-
Dow Adds 1,206 Points to Top 50,000: Stock Market TodayThe S&P 500 and Nasdaq also had strong finishes to a volatile week, with beaten-down tech stocks outperforming.
-
Ask the Tax Editor: Federal Income Tax DeductionsAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions
-
States With No-Fault Car Insurance Laws (and How No-Fault Car Insurance Works)A breakdown of the confusing rules around no-fault car insurance in every state where it exists.
-
Dow Adds 1,206 Points to Top 50,000: Stock Market Today
The S&P 500 and Nasdaq also had strong finishes to a volatile week, with beaten-down tech stocks outperforming.
-
The Best Precious Metals ETFs to Buy in 2026Precious metals ETFs provide a hedge against monetary debasement and exposure to industrial-related tailwinds from emerging markets.
-
For the 2% Club, the Guardrails Approach and the 4% Rule Do Not Work: Here's What Works InsteadFor retirees with a pension, traditional withdrawal rules could be too restrictive. You need a tailored income plan that is much more flexible and realistic.
-
Retiring Next Year? Now Is the Time to Start Designing What Your Retirement Will Look LikeThis is when you should be shifting your focus from growing your portfolio to designing an income and tax strategy that aligns your resources with your purpose.
-
I'm a Financial Planner: This Layered Approach for Your Retirement Money Can Help Lower Your StressTo be confident about retirement, consider building a safety net by dividing assets into distinct layers and establishing a regular review process. Here's how.
-
Stocks Sink With Alphabet, Bitcoin: Stock Market TodayA dismal round of jobs data did little to lift sentiment on Thursday.
-
The 4 Estate Planning Documents Every High-Net-Worth Family Needs (Not Just a Will)The key to successful estate planning for HNW families isn't just drafting these four documents, but ensuring they're current and immediately accessible.
-
Love and Legacy: What Couples Rarely Talk About (But Should)Couples who talk openly about finances, including estate planning, are more likely to head into retirement joyfully. How can you get the conversation going?
