As sneaker makers try to stay relevant amid waning demand, Nike Inc. executives on Thursday said they were banking on "newness and innovation" to win over reluctant shoppers. But one analyst on Friday cast doubt on whether those plans would work for all of Nike's customers longer-term.
Wall Street is eagerly waiting for the so-called Santa Claus rally to further fuel stock-market gains that have already put investors in a holiday mood.
A more favorable interest-rate outlook, an uptick in deals, and innovations in key areas like cancer and immunology are setting up biotech for a brighter 2024, analysts say.
Orders for durable goods rose jumped 5.4% in November, the government said Friday. This is the largest gain since July 2020. It is the second gain in the past three months.