Dow Tumbles Over 400 Points; Nike Shares Dip After Q3 Results

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 400 points on Friday.

Following the market opening Friday, the Dow traded down 1.05% to 41,513.90 while the NASDAQ dipped 0.78% to 17,554.07. The S&P 500 also fell, dropping, 0.86% to 5,613.96.

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Leading and Lagging SectorsCommunication services shares fell by just 0.1% on Friday.

In trading on Friday, materials shares dipped by 1.8%.

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Shares of Nike Inc (NYSE:NKE) fell around 8% on Friday after the company reported third-quarter financial results.

The athletic footwear and apparel company reported third-quarter revenue of $11.27 billion, beating analyst estimates of $11.01 billion.

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