Reported about 1 year ago
The Dow Jones Industrial Average gained 1.1% in June 2024, but some top companies like Nike and Walt Disney saw negative returns. Nike faced challenges with soft e-commerce sales and high inventories, leading to a 20.7% stock drop. On the other hand, Walt Disney's stock fell by 4.5%, attributed to activist investor actions and streaming service adjustments. While Nike's turnaround remains uncertain, Disney's strategic moves in streaming make it a more appealing investment option during this stock dip.
Source: YAHOO