Dow, S&P 500 End With Gains up After Bumpy Week, but Nike Drags

Dow, S&P 500 End With Gains up After Bumpy Week, but Nike Drags
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City on March 19, 2021. Brendan McDermid/Reuters
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NEW YORK—The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike.

Athletic wear company Nike’s shares fell 6.3 percent and were the biggest drag on the Dow and the S&P 500 after it delivered a downbeat sales forecast and warned of delays during the holiday shopping season, blaming a supply chain crunch.