US consumer stocks are facing their darkest moment! Nike plunges 20%, marking the largest single-day drop in history
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Consumer stocks in the US performed poorly this week, raising concerns about the financial situation of American households. Nike plummeted 20% on Friday, marking its largest single-day drop in history, with a market value evaporating by approximately $28 billion. Wall Street analysts downgraded Nike's rating, and other companies also issued consumer resilience warning signals. Consumers are facing more and more unfavorable factors. Companies like Nike are working hard to address challenges, transforming product lines to reignite consumer interest. Further consumer anxiety may affect investor enthusiasm and shake the stock market
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