Why Did NKE, NIO, MCD Stocks Plunge To 52-Week Lows Today?
Cautious consumers and rising competition are squeezing companies’ profits. Nike shares fell to a 12-year low of $38.17 as investors remained cautious about its turnaround. Nio shares fell to a 52-week low of $4.30 ahead of its Sept. 1 earnings report. McDonald’s shares fell to a two-year low of $259.85 as lower-income customers cut back on … Read more