📷 Image: Wikimedia Commons / Heinz Rall, Rechte: Ursula Stock
Business
NKE, FRMI, DKNG Stocks Hit 52-Week Lows Amid Market Sell-Off
✍️ Asianet Newsable
🗓 02 Oct 2026, 10:37 AM
👁 11
Shares of Nike (NKE), Franklin Resources (FRMI) and DraftKings (DKNG) fell sharply, touching 52‑week lows on Tuesday as investors reacted to broader market volatility.
On Tuesday, shares of Nike, Franklin Resources and DraftKings fell to their lowest levels in a year, reflecting a broader sell‑off in the U.S. equity market.
The three companies, which trade on the New York Stock Exchange, saw their prices dip to 52‑week lows after a series of earnings reports and market‑wide concerns about interest rates.
Analysts noted that the downturn followed a sharp decline in the S&P 500 and Nasdaq indices, which were pressured by rising bond yields and uncertainty over the Federal Reserve’s policy stance.
Despite the drop, the companies remain large‑cap names with strong fundamentals, and investors are monitoring how the market volatility may affect their valuations in the coming weeks.
Market participants are awaiting further guidance from the Federal Reserve and corporate earnings releases to gauge whether the sell‑off is temporary or signals a broader shift.
The three companies, which trade on the New York Stock Exchange, saw their prices dip to 52‑week lows after a series of earnings reports and market‑wide concerns about interest rates.
Analysts noted that the downturn followed a sharp decline in the S&P 500 and Nasdaq indices, which were pressured by rising bond yields and uncertainty over the Federal Reserve’s policy stance.
Despite the drop, the companies remain large‑cap names with strong fundamentals, and investors are monitoring how the market volatility may affect their valuations in the coming weeks.
Market participants are awaiting further guidance from the Federal Reserve and corporate earnings releases to gauge whether the sell‑off is temporary or signals a broader shift.