Nike shares tumble as Russian stocks tumble
August 4, 2021
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Nike stock fell on Monday, as the stock market was rocked by an economic downturn that has hit the global economy.
The Nike logo was also knocked off the company’s website in Russia.
The stock fell 0.7 per cent to $52.06.
In London, the Standard & Poor’s 500 index of the top 100 companies fell 4.1 per cent.
In New York, the Dow Jones industrial average dropped 2.4 per cent and the Nasdaq composite index of small-cap stocks dropped 0.9 per cent, according to data compiled by Bloomberg.
US stocks fell on Tuesday.
The S&P 500 index lost 0.3 per cent at one point, while the Nassey index of smaller companies dropped 1.3.
In Europe, the FTSE 100 index of British shares lost 0