Foot Locker Stock Discussion

In after-hours action, Nike shares slipped more than 12% after the athletic retailer cut its full-year guidance. Foot Locker shares declined nearly than 5% in sympathy.
Those moves follow a muted day on Wall Street as investors brace for the release of May’s core personal consumption expenditures price index, known as the PCE, Friday morning. The Dow and S&P 500 each inched higher by around 0.1%, while the Nasdaq Composite advanced 0.3%.
Considered to be the Federal Reserve’s preferred inflati...