Happy Monday. A rebound in Magnificent 7 and tech names helped buoy the Nasdaq to a nearly 2% return in the final hour of trading, while the S&P 500 was looking at a 1% gain itself. The Dow advanced as Alphabet joined the index, replacing Verizon, while small caps declined.
Tomorrow after the bell, Nike will drop its earnings, offeringthe latest insight into how the company has been handling weaker profits, tariff troubles, and softness from key markets like the U.S. and China. But more importantly, it will reveal whether demand is finally heading the right direction for the consumer giant. Aparajita Chatterjee for TheStreet has the look-ahead on one of the biggest reports during this abbreviated holiday trading week:
