Mixed day in markets, with Dow, S&P 500, Nasdaq down; positive earnings for Nike and Micron, negative for FedEx

From Zacks Investment Research: 2025-03-20 19:30:16

On Thursday, March 20, 2025, the markets had a mixed day, with the Dow finishing slightly down, S&P 500 and Nasdaq also in the red, and the Russell 2000 down -0.65%. Existing Home Sales for February were above expectations at 4.26 million, while U.S. Leading Economic Indicators for the same month were lower than anticipated at -0.3%. Nike reported strong earnings in Q3, beating estimates with revenue of $11.27 billion. FedEx, however, fell short of expectations with earnings of $4.51 per share in Q3. Micron posted solid beats on top and bottom lines, expecting record revenues in Q3.



Read more at Zacks Investment Research: Welcome to Earnings Island: NKE, FDX, MU – March 20, 2025