Stocks

Nike stock soars to record as US sales boom

Nike Inc. shares surged to a record high Friday as customers splurged on sneakers and sportswear as they looked to refresh their wardrobes coming out of the COVID-19 pandemic.

FedEx posts profit as online shopping boom continues

FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by a surge in online shopping and the growth of its business-to-business shipping services.

GameStop eyes Russell add as CEO joins board

GameStop’s new CEO Matt Furlong has been added to the video game retailer’s board of directors ahead of a possible add to the Russell 1000 to be decided on June 25.

Rep. Malinowski continues trading spree amid ethics investigation

Over the course of April, the New Jersey Democrat bought and sold hundreds of thousands of dollars of stock in a cornucopia of companies, including food delivery app DoorDash and home workout equipment company Peloton, according to financial disclosures.

S&P futures and global markets decline

U.S. futures and global stock markets traded lower, while government bonds rose in price, as investors continued to scale back bets on robust growth and inflation.