Market Minute: RIP Dow Winning Streak? Strong Sales Boost Nike Earnings

A major winning streak may come to an end, and Nike continues to race ahead. Those and more are what's making business news Friday.

The Dow industrials (^DJI) gained 114 points Thursday, their third straight triple-digit gain. The S&P 500 (^GPSC) gained 10 points and the Nasdaq (^IXIC) rose 25.

But the Dow is in jeopardy of snapping a streak of six monthly gains in a row. A few days ago that seemed like a pretty sure thing, but heading into this final session of June, the Dow is down just 91 points.

nike earnings stocks investing market news
Nike (NKE) keeps "just doin' it." The company posted a 22 percent increase in quarterly earnings, beating Wall Street expectations. Nike had strong sales overseas and benefited from the introduction of some new products, but it warned that sales in China could weaken.

Research in Motion (BBRY) posted a quarterly loss and revenue was shy of expectations, despite the launch of its new Z10 model. The company didn't break out sales numbers for the new smartphone. Blackberry shares have gained 22 percent so far this year, but they're set give back most of that this morning.

By contrast, Apple (AAPL) has lost 26 percent of its value this year, and it suffered a double dose of bad news yesterday. An analyst said not to expect a new iPhone until at least September, and a federal judge in California denied the company's effort to expand a lawsuit against Samsung to include the popular Galaxy S4.

And Google (GOOG) is looking to expand its Android system beyond phones and tablets. The Wall Street Journal says the company is developing a video game console -- a direct challenge to Microsoft, Sony and Nintendo.

The big consulting firm Accenture (ACN) may need some advice of its own. It shares are set to slide after the company lowered its revenue forecast for the year.

And the major airlines continue to rake in fees for baggage and reservation changes. From reservation changes alone, Delta Air Lines (DAL) took in the most, followed by United (UAL), American, US Airways (LCC) and JetBlue Airways (JBLU).

-Produced by Drew Trachtenberg

Ways Retirees are Making Money
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Market Minute: RIP Dow Winning Streak? Strong Sales Boost Nike Earnings
Walking dogs is a great way to stay fit, and many working individuals and families simply don't have time to give their pets the exercise they need. Dog walkers can charge $15 to $25 an hour, per dog.
Websites like have exploded the market for handmade goods of all sorts in the past few years. While it takes a lot of work to make a full-time living selling crafts, many retirees, stay-at-home moms and 9-to-5 workers turn their hobby into part-time income by selling crafts online. Whether you love to knit scarves, hand-quilt throws or throw pottery, there's an online market for your craft.
Retired teachers aren't the only ones with potential tutoring skills. If you're good in math, reading or other basic skills, tutoring could be a lucrative option. Advertise your independent tutoring services through word-of-mouth or Craigslist, or join an online tutor-finding service like Wyzant. Another option is to sign up with a local non-profit that pays tutors for their services.
If you love shopping for antiques, collectibles or other unique finds, consider shopping for them and then reselling them. Cruise estate and garage sales to find great deals, which you can turn around and sell on eBay or Craigslist at a profit.
If you're good with a wrench and know your way around crown molding, consider advertising your handyman services. Your state may require that you become licensed, especially for certain types of work, so check with your state's contractor licensing board to get started.
Engineers, scientists, management experts and others can all form careers as consultants. According to the Bureau of Labor Statistics, consultants in management make a median annual wage of $75,250, but you can also consult part-time for a high hourly fee. Turning your one-time profession into consulting jobs may be easier and more lucrative than you'd think.
If you're still healthy and mobile yourself, consider spending time with older folks who need help with everyday activities. Elder care can involve basics like running errands or giving a shut-in some regular company, or more involved activities like basic hygiene and nursing. Either way, this can be a fulfilling option.
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Maybe you don't really want to have a job, but have extra space in your home that you don't need. Consider taking on a renter in your spare room or basement. If you're traveling a lot during retirement, you could also rent your whole home out for short-term vacations.
Starting a blog is a great way to share your passion with the world, while making some extra money. There are plenty of online resources to teach you how to start, run and monetize a blog on just about any topic that interests you.
If you'd like to work sometimes and not others, consider signing up for temporary work. As employers seek to cut costs, many are hiring temporary workers to fill a myriad of roles. Temp jobs can let you experience lots of different types of work during retirement.
If you love growing fruit and vegetables, consider selling your extra produce at farmer's markets. Heirloom produce is in high demand right now. Another option is to grow perennials that need to be split each year. Each time you split your plants, you can sell the extras to aspiring gardeners.
If you're a local history buff or love the arts, consider finding opportunities to be a local tour guide or museum guide. You could even start your own local tour business, if your area is frequented by travelers.
Upcycled furniture is all the rage today, but some people simply don't have the time to spray paint and decoupage old pieces to give them new life. Retirees could upgrade old pieces of furniture and sell them online or locally, or offer their services for custom furniture upgrades.
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  • DJI27359.1627.160.10%
  • NIKKEI 22521535.25-150.65-0.69%
    Hang Seng28594.9340.050.14%
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    USD (PER CHF)1.020.00010.01%
    JPY (PER USD)108.030.14200.13%
    GBP (PER USD)1.25-0.0023-0.18%