Nike’s announcement to hike its dividend and grant other shareholder benefits helped lift US stocks Friday as Wall Street looked to conclude a strong week on a high note.
Dow-member Nike shot up 4.9% as it increased its dividend 14%, unveiled a new US$12bil (RM51.19bil) share repurchase plan and approved a two-for-one stock split.
About 35 minutes into trade, the Dow Jones Industrial Average was at 17,880.80, up 148.05 points (0.83%). The Dow is up about 3.5% on the week.
The broad-based S&P 500 rose 13.12 (0.63%) to 2,094.36, while the tech-rich Nasdaq Composite Index advanced 26.75 (0.53%) to 5,100.39.
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Dow-member Nike shot up 4.9% as it increased its dividend 14%, unveiled a new US$12bil (RM51.19bil) share repurchase plan and approved a two-for-one stock split.
About 35 minutes into trade, the Dow Jones Industrial Average was at 17,880.80, up 148.05 points (0.83%). The Dow is up about 3.5% on the week.
The broad-based S&P 500 rose 13.12 (0.63%) to 2,094.36, while the tech-rich Nasdaq Composite Index advanced 26.75 (0.53%) to 5,100.39.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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