U.S. stocks rose, with the Standard & Poor's 500 Index erasing its loss for December, after the Federal Reserve spurred the biggest two-day jump in three years.
NEW YORK (TheStreet) - Nike (NKE) shares tumbled on Friday following Wall Street's concern that "future orders" for the sneaker and apparel company's merchandise were slipping.
U.S. stocks rose Friday, on track for weekly gains amid indications monetary policy will remain easy among major central banks. The Dow Jones Industrial Average rose 13 points, or 0.1%, to 17790.
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the U.S. central bank risked damaging its credibility by communicating its intention to shift toward tighter policy amid a subdued outlook for inflation.
NEW YORK - Blackberry reported an adjusted profit for its fiscal third quarter but its revenue fell, missing analysts' estimates.