Nike Slips As S&P Says It May Run Out Of Vietnamese Sneakers By Investing.com – Investing.com
- Date: 19-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Nike Slips As S&P Says It May Run Out Of Vietnamese Sneakers By Investing.com – Investing.com
By Dhirendra Tripathi
Investing.com – Nike (NYSE:) stock fell 1.7% Monday as S&P (NYSE:) warned that halting of manufacturing in Vietnam by two of its suppliers might exacerbate the supply chain disruptions the company has had to deal with.
Shares were also lower as broader market worries about the Delta variant stalling a reviving global economy added to the adverse sentiment.
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