Wall Street closes – Nike sinks nearly 20 percent, major tech companies fall more than 1 percent | News Fin

In the US, the New York stock markets ended lower on Friday.

The Dow Jones industrial average was 0.1 percent below zero at the end of the trading day. The broad-based S&P 500, on the other hand, was down 0.4 percent and the tech-focused Nasdaq was down 0.7 percent.

Despite recent declines, all three of Wall Street’s major indexes are still clearly bullish for the year.

In bond markets, the front-runners in the U.S. presidential race are weighing the effects of the first election debate between incumbent Joe Biden and his predecessor, Donald Trump, and Biden’s quiet appearance.

Biden’s performance in the recent debate has been widely criticized, and he has been deemed too old to run for office again.

According to stock research firm Briefing.com, more uncertainty has appeared in the presidential election. This may result in the market not being able to sustain strong gains at the end of the quarter.

Among individual companies, sports apparel and equipment maker Nike fell nearly 20 percent.

Among the big tech companies, at least Amazon, Microsoft, Apple and Google’s parent company Alphabet fell more than one percent.

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