Wall Street Rally Fizzles out as Evergrande Worries Persist; Nike Drops

Wall Street Rally Fizzles out as Evergrande Worries Persist; Nike Drops
People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York, on March 19, 2021. Brendan McDermid/Reuters
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U.S. stock indexes fell on Friday following a two-day rally, as worries persisted about the spillover from debt-laden China Evergrande, while Nike tumbled after cutting its sales forecast.

Six of the 11 major S&P sectors advanced in early trading, with economy-sensitive energy, financials and defensive utilities shares leading gains. Technology and consumer discretionary were the biggest losers.