FOX Business’ Jeff Flock reports on Nike’s recent struggles, including a 50% stock decline and its removal from the S&P 100, as Carnegie Investment Council CIO Ben Connard discusses the semiconductor market on ‘The Claman Countdown.’
Nike faces headwinds as Converse pulls a controversial social media ad over racist imagery concerns, adding to the retail giant’s ongoing financial struggles. Reporter Jeff Flock highlights the company’s removal from the S&P 100 index after its stock fell over 50% since October 2021. Additionally, market guest Ben Connard joins to analyze the broader stock market’s recent recovery.
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