Wednesday, June 29, 2016

Oil Resumes Climb Higher, European Stocks Also Rose: TheStreet

Published on 29 Jun 2016
Stocks are in rally mode again today, trying to extend Tuesday's gains. Investors seem to be regaining confidence that the world won't fall apart due to Brexit. Oil is resuming its climb higher and European stocks also rose. Shares of Nike , though, are under pressure. In its earnings report last night, the sports apparel company said sales disappointed and future orders were disappointing as well. Analysts have said recently that Nike is losing ground to Germany's Adidas and domestic rival Under Armour . Nike says it expects sales this year to meet projections due to the Olympics and European soccer championship. Sony

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