Nike Inc. (NYSE: NKE) stock drops Wednesday after Truist Securities downgrades the company to Hold following retail weakness at Dick's Sporting Goods.

DKS stock plummets 23% after DICK's Sporting Goods misses Q2 estimates and slashes 2026 guidance amid heavy Foot Locker losses.

Dick's Sporting Goods stock crashed 28% after an earnings miss, weak footwear demand and lower full-year guidance worried investors. | Business News